COLUMBUS, Ind. – Preliminary Class 8 truck orders reported by ACT Research totaled 20,000 units in December, up 14% from November and down just 6.5% year-over-year.
“Overbuying through 2019 and insufficient freight to absorb the ensuing capacity overhang continued to weigh on the front end of the Class 8 demand cycle in December,” said Kenny Vieth, ACT’s president and senior analyst.
“Recalling July and August, orders were down 80% from the corresponding months in 2018. December’s orders brought the full-year 2019 volume to 181,000 units versus 490,100 units in 2018. For all of Q4, Class 8 orders were booked at a slightly above the 2019 trend 195,600-unit SAAR.”