ACT Research says MD, HD demand rebound in October
Nov 28, 2012 8:59 AM
Both medium-duty and heavy-duty truck orders rebounded in October. This updated status of the North America commercial vehicle market was included in the State of the Industry report, recently released by ACT Research Co (ACT). The report covers Classes 5 through 8 vehicles for the North American market.
“With housing-related activity surprisingly on the high-side the past several months, MD truck orders rose to their highest level since the start of the cycle,” says Kenny Vieth, ACT’s president & senior analyst. “Net orders rose to 19,285 units, up 35% month over month and year over year.”
October also saw Class 8 orders rise meaningfully above trend. Net orders rose to 23,431 units. “Underscoring the increase in activity was the fact that the improvement occurred in the face of electoral and fiscal uncertainty and despite Hurricane Sandy disrupting business up and down the East Coast at month’s end,” he says.
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