Classes 5 through 7 net orders also retreated, totaling just under 15,500 units. 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. The report covers Classes 5 through 8 vehicles for the North American market.
"Positively, Class 8 retail sales, when seasonally adjusted, were at a nine-month high of 22,000 units. Through year-to-date June, sales have occurred at a seasonally adjusted annual rate of 249,000 units," said Kenny Vieth, ACT's president and senior analyst. "Inventories were down 12,000 units from last June, and the inventory-retail sales ratio dropped to its lowest level, excluding the last two Decembers, since November 2011 at 47 days of supply at June's sales pace," he added.
ACT is the leading publisher of new and used commercial vehicle industry data, market analysis and forecasting services for the North American market, as well as the U.S. tractor-trailer market and the China CV market. ACT's CV services are used by all major North American truck and trailer manufacturers and their suppliers, and worldwide banking and investment companies.
