ACT Research characterized truck orders in April as "more of the same," as Class 8 orders fell 16% from the previous month and 39% compared to last year.
by Staff
May 19, 2016
Photo: Kenworth
1 min to read
Photo: Kenworth
ACT Research characterized truck orders in April as "more of the same," as Class 8 orders fell 16% from the previous month.
There were 13,676 units ordered in the month, which is down 39% year-over-year, continuing a trend of declining demand for new vehicles so far this year. This is in line with projections earlier in the month from analysts at both ACT Research and FTR.
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“For Class 8, U.S. tractors and the Canada market continue to represent the weakest market segments, while orders from Mexico remained the brightest spot,” said Kenny Vieth, ACT’s president & senior analyst. “Cancellations dropped to a 23-month low, however. April was the third consecutive month in which cancellations and the cancellation rate declined.”
Medium duty orders were strong in April, totaling 20,880 units across Classes 5 through 8. Orders were down 7% from March but are up 39% compared to April 2015.
“Stronger build than orders in April reduced backlogs, but despite the healthy order trend, backlogs continue hand-to-mouth,” said Vieth.
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