Net orders for December of heavy-duty Class 8 commercial vehicles in North America reached the highest level in four years.
Net orders of Class 8 vehicles in December were up 128 percent year-over-year, according to ACT REsearch Co. In the latest release of State of the Industry: Classes 5-8 Vehicles, ACT noted that Class 8 orders rose to their highest monthly total since May of 2006. Medium-duty Classes 5-7 net orders fell nine percent from November, but were up 89 percent on a year-over-year basis.
Full year 2010 production of Class 8 vehicles was up 30 percent from 2009, with a total of 154,290 units produced. Over 27,000 net orders were processed in December alone. "Unlike previous cycles that have been dominated by the U.S., there is a greater breadth of geographic demand for Class 8 equipment this time," said Kenny Vieth, an ACT senior analyst. "While U.S. demand is ramping nicely, orders bound for Canada, Mexico and non-NAFTA export markets remain at healthy levels."
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