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Class 8 order boards for 2023 officially opened in September as the market hit an all-time monthly high with 53,700 preliminary orders, ACT Research announced Tuesday. Class 5-7 orders followed at 26,600 units.
In analyzing the burst in orders — preliminary Class 8 orders in August were approximately 21,500 units — ACT Research Vice President and Senior Analyst Eric Crawford says it appears OEMs chose to open their order boards early. Class 8 orders typically trend up in October.
Crawford says September’s orders translate to 60,900 units on a seasonally adjusted basis (up 161 percent month over month and 94 percent year over year), and equivalent to more than 730,000 units across a year.
“September Class 8 orders were sensational no matter how you slice the data,” he says. “The past 12 months, 249,800 Class 8 orders have been booked.”
Crawford also notes using an October seasonal adjustment factor (typically the beginning of next-year orders), Class 8 September orders would translate to 43,800 units, equivalent to 526,000 orders on an annualized basis.
Medium-duty orders rising to 26,600 units were up 39 percent month over month and 7 percent year over year.