Net orders for Class 8 vehicles in North America continued to grow in May.
According to Americas Commercial Transportation Research Co., Class 8 orders in May were 77 percent above the same month last year. Though orders were fell to 23,300 from April, net orders in may were enough to fuel continued growth in industry backlog.
Despite falling nearly 40 percent from April, May was nevertheless the eight consecutive month of strong Class 8 order activity, said president and senior analyst at ACT Kenny Vieth. It is worth noting Aprils level of order intake was unsustainable, so the pullback in Mays order volume was anticipated.
Even though orders were less robust and industry build rates continued to grow, the Class 8 backlog grew for a ninth month straight in May, Vieth said.
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