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There was a significant and expected increase in Class 8 truck order activity during the month of November, according to preliminary numbers from FTR.
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Net Class 8 orders were weak in October, driven by a high number of cancellations in the month, according to ACT Research.
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Class 8 truck orders are projected to be essentially flat in October when compared to September, according to preliminary numbers from analysts at ACT Research and FTR.
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Net Class 8 truck orders in September increased modestly from the previous month, possibly signaling that a historically weak season for orders was ending.
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Customers ordered 20,400 medium-duty vehicles in Classes 5 to 7 in September, which represents a 19% increase from August, according to preliminary numbers from ACT Research.
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The Class 3-7 medium-duty truck market has been stable and healthy so far in 2016 and it is expected that all segments will show consistent growth going forward.
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Net orders of Class 8 trucks were in line with expectations, falling only slightly from the previous month’s numbers, according to preliminary numbers from FTR and ACT Research.
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Net Class 8 truck orders rose to a three-month high in August, helped by cancellations which fell to a near three-year low, according to the latest numbers from ACT Research.
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Orders of medium-duty vehicles in Class 5 to 7 increased 10% to 16,900 in August and rebounded to a three-month high, according to ACT Research.
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Orders for Class 8 trucks in the month of August will be slightly above expectations and a 36% improvement over July’s terrible numbers, according to projections from FTR and ACT Research.
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