Class 8 Truck Orders
Class 8 Truck Orders in December 2024
As of December 2024, Class 8 truck orders reflect an evolving market, with robust demand from the vocational sector offset by cautious fleet expansion in other segments. Economic conditions, high interest rates, and regulatory uncertainties, including the EPA’s Clean Truck regulations, continue to shape both for-hire and vocational truck orders.
Class 8 Truck Orders Overview
Preliminary North America Class 8 net orders for October 2024 were 30,600 units, marking a year-over-year decline. Seasonally adjusted, orders reached 24,500 units, reflecting a significant drop from September's levels as fleets recalibrated purchasing strategies amid regulatory and market shifts.
“Last month, we boosted our vocational truck outlook for the 2025 and 2026 on solid fundamentals: US industrial policy and infrastructure spending stimulus plans have manufacturing and private construction expenditures running at record levels, and much of the ~$2 trillion in stimulus (CHIPS, IRA, IIJA) put in place in 2021 and 2022 continues to be deployed into the economy, providing healthy tailwinds. To date, only around 40% of that money has been deployed.”
Kenny Vieth
President & Senior Analyst
To learn more about the current dynamics in the commercial vehicle industry, check out the State of the Industry reports. And to see what ACT forecasts will happen in the Class 8 market over the next few years, check out the North America commercial vehicle forecast.
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