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According to data recently released by Wards Intelligence, the sale of Class 3-8 trucks have seen a drop in almost every category, and every month, since the beginning of the year, possibly exasperated by the COVID-19 outbreak.
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According to ACT Research, June’s preliminary North American Class 8 net orders rose 139% over May with 16,000 units. Compared to last June, orders were also up by 23%.
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In recognition to the swift changes COVID-19 has brought to the industry, International Truck has launched International Cares, a grouping of special offers on new truck financing and digital tools.
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Class 8 truck orders plummeted in March to their lowest readings in a decade, at a level half of what it was a year ago, according to preliminary numbers from FTR and ACT.
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Mack publicly revealed its new medium-duty MD Series of trucks for the first time on March 4 in Indianapolis at the 2020 Work Truck Show and said it's looking to work trucks for growth this year.
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Preliminary reports from both ACT Research and FTR show that North American Class 8 orders for February fell 18-20% from January. Both reported a total drop of 14,100 units.
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North American Class 8 orders for January are down month over month but up year over year, according to both FTR and ACT Research. Following a consistent trend over the last four months of averages of 19,000 trucks, January totals dropped to 17,700 units. ACT reports show a similar drop in medium-duty.
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Expect higher parts prices this year as the demand for aftermarket truck parts continues to grow, according to MacKay and Co. projections presented at Heavy Duty Aftermarket Dialogue.
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Nextran Truck Center of Tuscumbia, Alabama, has been honored as Mack's 2019 Dealer of the Year.
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The latest reports from ACT Research show improvement in for-hire freight volumes, but also a slide in the Freight Rate Index in December and a slight improvement in the economic outlook for 2020.
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