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Compared with last year’s record truck order numbers, the early reports for this November show dramatically decreased demand in the Class 8 segment.
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Volvo Trucks has announced to its employees that the company will be laying off 734 people in February at its New River Valley assembly plant in Virginia.
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Net order activity in October for new Class 8 and Class 5-7 trucks reflects the continuing slowdown in market activity, according to ACT Research Co.
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Class 5-8 vehicle orders are projected to hit 47,200 orders for the month of October which is up 14% from the previous month but 30% below last year’s numbers, according to ACT Research.
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As many as 76% of fleets expect their upcoming heavy-duty truck orders to match what was purchased in 2015, with a few fleets planning an increase.
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There were 19,400 Class 8 truck orders booked in September, slightly down from August but coming closer to a “more sustainable pace," according to ACT Research.
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PHILADELPHIA — Don’t expect truck sales in the fourth quarter and next year to be like the “monster” numbers of a year earlier, says Martin Daum, CEO of Daimler Trucks North America — and that’s a good thing.
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After a strong end to 2014 and early 2015, the truck market has softened. With several unknown factors like regulations and fluctuating economic conditions, it looks like this trend may continue for a while.
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There were 20,200 Class 8 truck orders in August, beating projections from earlier in the month but well below last year’s numbers, according to ACT Research.
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Preliminary numbers for Class 8 truck orders show near two-year lows in August, per the latest projections from ACT Research and FTR.
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