WNC - Heavy duty truck demand roars back in September
Preliminary North America Class 8 net orders in September were up 145% from a year ago to 31,100 units, according to new data from ACT Research. Class 8 orders rose 60% from the level seen in August.The North America Classes 5-7 market orders rose 48% during the month to 26,900 units.Overall, Classes 5-8 orders were up 88% from a year ago."Preliminary data show that September orders for medium- and heavy-duty vehicles posted positive readings for a fourth consecutive month, after 19 consecutive months of negative year-over-year comparisons," notes ACT senior analyst Kenny Vieth."As orders rebounded to relatively healthy levels early in Q3, most of those orders were targeted at filling open 2020 build slots. With most of that work done by the end of August, we suspect the lion’s share of September's orders were booked into 2021," he added.Related stocks: PACCAR (PCAR), Allison Transmission (ALSN), Cummins (CMI), Eaton (ETN), Meritor (MTOR), Modine
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Heavy duty truck demand roars back in September