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Used Class 8 truck sales were mixed in November, decreasing 23% from the previous month but gaining slightly for the year.
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Dry vans led net order gains for the month and year, and the trailer industry is headed for "one of its best years in history," according to ACT Research.
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Orders of medium-duty vehicles logged another healthy month in November and appear ready for "continued modest growth" in 2016, an ACT Research analyst has predicted.
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While truck dealers and other service providers may not be able to do anything to fix the driver shortage, they can play a big role in helping keep trucks on the road longer, which can reduce the need for additional drivers.
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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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Used Class 8 truck sales were mixed in October with volumes shrinking 3% from the previous month, per the latest report from ACT Research.
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There were more than 33,000 net trailer orders in October, down 7% from the previous month and down 30% vs. the same month a year ago.
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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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A report on Class 8 freight volumes issued by ACT Research dovetails with other analysis released this week that signals motor carriers are starting to feel the effect of a slowdown in both import/export activity and in domestic manufacturing levels.
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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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