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Used Class 8 truck same-dealer sales volumes were down in July but still on an upward trend overall, according to an ACT Research report.
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Net Class 8 truck orders fell once again in July, showing no signs of recovery in what is usually the weakest month for demand, according to ACT Research.
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Preliminary trailer order numbers for the month of July, show a significant drop from the previous month, according to analysis from ACT Research.
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It looks like July was another off month for Class 8 truck orders as industry analysts are predicting some of the lowest numbers since 2010.
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Same-dealer sales volumes of Used Class 8 trucks recovered in June, posting a double digit month-over-month increase following a sharp decline in May.
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Retail sales of Class 8 natural gas trucks in the U.S. and Canada improved in May, after getting off to a slow start earlier in the year.
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Class 8 truck order numbers have hit their lowest point in at least four years, with demand remaining depressed so far in 2016.
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Trailer orders fell nearly 14% month over month in May, coming close to earlier projections for a seasonal slowdown.
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Used Class 8 same-dealer truck sales volumes took a steep downturn in May, declining by 18% compared to April, according to ACT Research.
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A decline in orders of Class 5-7 trucks in May points to "some moderate slowing" in a truck market that has shown strength since late 2013, according to ACT Research.
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