Both Class 8 and Class 5-7 net orders posted a gain in July, according to Act Research Co.’s State of the Industry report.
Class 8 net orders were 30,103, while Class 5-7 net orders were 15,834 units.
“While one strong month may be statistical noise or an outlier, the July orders fit into a robust pattern that has held up since the start of the year. With year-to-date orders up 33% from the comparable 2013 span, 2014 is almost certain to be the best year of this cycle,” said Jim Meil, ACT’s principal industry analysis about Class 8 orders.
Meil noted that Class 8 backlogs were the highest since January 2012, but “not yet at the point where an overheated market triggers duplicate ordering and raises anxieties about backlog integrity.”