Preliminary orders for heavy trucks (class-8) in North America reached 46,200 units in February, up from 30,800 units the previous month and an impressive 156 percent higher year-over-year, according to fresh statistics from ACT Research.
In January, the increase was 20 percent, according to previous figures.
"February's order intake represents the eighth-best order month in the 530 months that ACT Research has collected data," notes Carter Vieth, analyst at ACT Research, adding:
"The higher cost estimates under EPA'27, combined with improved profitability outlooks for carriers, may partly explain February's positive surprise, as dealers and large fleets have even greater incentives to secure budgets for equipment now rather than later. The main driver behind the order increase has undoubtedly been the sustained rise in spot prices that began at the end of November."
Among others, Volvo and Traton sell heavy trucks on the North American market.
In its morning note, Ålandsbanken commented on the figures as follows:
"This indicates strong order development, a need for upward revisions for the first quarter, and we see this as positive for Volvo and other truck stocks."
AB Volvo is the leading European truck maker and No. 3 worldwide. Net sales break down by activity as follows:
- sales of trucks (68.4%): 219,377 vehicles sold in 2024 (names Volvo, Renault, Eicher and Mack);
- sales of construction equipment (16.8%): excavators, loaders, backhoes, hydraulic shovels, graders, dump trucks, etc.;
- financial services (5.1%);
- bus and chassis sales (4.7%): world's No. 2 largest manufacturer;
- sales of parts, control systems, and marine and industrial motors (3.8%): for commerce and cruise ships and for industrial applications (irrigation units, lifting trucks, electrical generators, etc.);
- other (1.2%).
Net sales are distributed geographically as follows: Europe (41.1%), North America (30.8%), Asia (11.2%), South America (10.7%), Africa and Oceania (6.2%).
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