Class 5-8 Orders Strong - Tire Review Magazine

Class 5-8 Orders Strong

The demand for commercial vehicles was positive for June with 41,300 total Class 5-8 orders made, according to ACT Research. ActResearch

A trend of stronger orders began last October with Class 5-8 net orders averaging an annual unit rate of 541,900, the firm reported.

The company noted that Class 8 orders were on the higher side at 26,600 units, while Class 5-7 have slowed during the past two months to 14,700 units.

“With seasonal tendencies dampening expectations, N.A. Class 8 net orders surprised on the high side in June at 26,600 units,” said Kenny Vieth, ACT’s president and senior analyst.

“Given that June is typically a soft order month, seasonal adjustment boosts the month’s medium-duty order intake to 15,600 units/187k SAAR, representing the weakest order intake (SA) since December,” Vieth also noted, “Over the past six months, Classes 5-7 net orders were booked at a 214,600 units SAAR. Over the past 12 months, actual orders have totaled 209,600 units.”

You May Also Like

Anyline secures funding from Austrian agency for AI development

Anyline received around $2.86 million to fund research and development of Closed Loop Training for artificial intelligence models.

ANYLINE-AI-stock

Anyline has received €2.64 million (approx. $2.86 million) administered through the Austrian research promotion agency – Österreichische Forschungsförderungsgesellschaft (FFG) – as a public grant over the last three years to fund research and development of Closed Loop Training (CLT) for artificial intelligence (AI) models that speed the time to accurately capture and digitize analog information.

Continental appoints new ‘head of region’ for the US, Canada

In this role, Rob Schroeder will oversee all of material handling, port, earthmoving and agriculture tire business in the United States and Canada.

Conti-RobSchroeder_HeadofRegion
K&M Tire adds Jon Zurcher as executive vice president

Zurcher previously served as COO for Best-One Tire for the past seven years.

John-Z-K&M
Hercules Tire reveals spring rebate on five tire lines

From now until May 15, customers who purchase four qualifying Hercules Tires may be eligible to receive up to a $70 rebate.

hercules-spring-us-rebate
Kenda Tires becomes Cleveland Cavaliers associate partner for NBA playoff games

The tire manufacturer will be advertised on the court, with Kenda-branded rally towels, and will appear during local pre-game programming.

Kenda-Tire-Sir-CC-High-Fives-1400

Other Posts

Nokian Tyres releases 2023 sustainability report

Highlights of the company’s sustainability actions in 2023 include a commitment to achieve science-based net-zero emissions by 2050.

Nokian-Tyres-sustainability-report
Giti Tire announces winners of STEAM competition

New this year, the winning teams from each division will progress to compete out of state.

Giti-STEAM-Winners
Nexen Tire to be the official tire partner of the San Diego Padres

Nexen Tire will be featured on a variety of marketing assets, including billboards and in-ballpark branding at Petco Park.

Nexen-Tire-Padres
WGH to recall up to 520,000 Terrain Attack, Terrain Pro winter tires

The tires are labeled as snow tires, but do not have sufficient traction to perform in all snow weather conditions, according to the National Highway Traffic Safety Administration.

Recall