Heavy trucks net orders drop below trend in November
www.chinatrucks.com: After rising to their third highest net order volume of the year in October, heavy trucks orders fell below trend in November, falling to their second lowest volume in 2011, according to ACT Research Co.'s State of the Industry report.
Heavy trucks new and net orders totalled 24,354 and 20,603 units, respectively. Despite the decline, the demand situation remains favourable, according to ACT officials.
"We believe special factors, such as the near selling out of remaining 2011 build slots in October and cancellations in export orders in November, were responsible for the boost in order activity in October and the fall-off in order activity in November," said Kenny Vieth, president and senior analyst at ACT. "Our suggestion is to look at October and November in aggregate. Doing so generates average monthly net orders of 24,400 units."
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