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Thursday, May 30, 2024

December Net Orders of Heavy-Duty Commercial Vehicles up 115% year over year

COLUMBUS, IN – December preliminary net orders of heavy-duty Class 8 commercial vehicles for North American markets were 25,500 units, according to ACT Research Co. (ACT). The December total is an increase of 115 percent compared to December of 2009. Preliminary net order numbers are subject to revision and are typically accurate to within 5 percent plus or minus. “The industry closed 2010 with a string of three strong months of net orders. With nearly 71,000 orders booked, the fourth quarter was the best quarter for Class 8 vehicles sincethe second quarter of 2006,” said Kenny Vieth, president and senior analyst. “The ramp up in demand is consistent with the upcycle we have been forecasting for over a year and confirms production levels will increase significantly in 2011,” added Vieth. ACT is the recognized leading publisher of new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market, as well as the China CV market. ACT’s CV services are used by all major North American truck and trailer manufacturers and their suppliers, as well as the banking and investment community. For more information on ACT, please go to our web site athttp://www.actresearch.net