After rising to their third highest net order volume of the year in October, Class 8 truck orders fell in November, tumbling to the second lowest volume of 2011.
New and net orders of Class 8 trucks totaled 24,354 and 20,603 units, respectively. Despite the decline, the demand situation remains favorable, according to ACT Research, which provided the updated status of the North America commercial vehicle market.
“We believe special factors, such as the near selling out of remaining 2011 build slots in October and cancellations in export orders in November, were responsible for the boost in order activity in October and the fall-off in order activity in November,” said Ken Vieth, president and senior analyst at ACT. Our suggestion is to look at October and November in aggregate. Doing so generates average monthly net orders of 24,400 units.”