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Class 8 truck orders were weak in March, with just over 24,600 units ordered due to a seven-month backlog of unbuilt orders from last year. Medium-duty orders were up thanks to strong truck and bus segments.
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Orders for medium-duty vehicles in Classes 5-7 maintained strength with a 14.2 percent increase in March from a year ago, ACT Research has reported.
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Net orders for Class 8 Trucks hit a six-month low, recording 24,780 units, in March, according to preliminary data from FTR. This is the lowest level since September 2014 and the first time Class 8 orders have fallen year-over-year since January 2013.
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February truck order volume hit a five-month low but still maintained a high level, according to ACT Research. The Class 8 segment posted the ninth consecutive month of more than 28,000 units ordered.
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Class 8 truck orders orders were booked above a 400,000-unit seasonal rate in January for the fourth month in a row, according to ACT Research.
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Driver shortages, driver turnover and regulations could all affect the potential growth of the trucking industry in 2015, according to analysis from GE Capital.
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Class 8 truck orders remained strong in January, with preliminary numbers coming in at around 35,000 units – an increase from January 2014 but falling below 40,000 units for the first time in three months.
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While demand for used trucks is high, the supply is not keeping up, causing a decline in used truck sales from traditional retailers, but an increase in sales overall.
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Class 8 truck orders in 2014 were up 42% over 2013, with 380,200 net orders being placed last year, according to data from ACT Research. Class 5-7 truck orders also performed well, selling 223,250 units.
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Demand for commercial vehicles remained healthy in December, as 65,700 total heavy- and medium-duty trucks were ordered, according to the latest projections from ACT Research.
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