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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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Gains on the retail side of the used truck market were offset by decreases in the auction and wholesale markets.
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Even without a press-release-worthy, 9,000-unit multi-year order, heavy truck sales were still higher than analysts anticipated.
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Class 8 truck orders increased by a good amount in July, indicating a growing confidence in the market, according to analysis from FTR and ACT Research.
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The number of used Class 8 trucks sold rose by 6% to 2,643 units in June, according to a report from ACT Research.
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Orders for heavy-duty vehicles in June were slightly off May's pace, while a factory move helped drive medium-duty truck orders down during the month.
Read More →Net orders of Class 5-7 vehicles fell 3 percent in June due to a "large hiccup" in truck ordering, according to ACT Research's president.
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Used Class 8 truck sales in May fell 11% compared with the previous month, to 2,496 units, according to the latest report from ACT Research.
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Class 8 truck orders were down in May with just over 20,500 units moved in the month, according to the latest numbers from ACT Research.
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Class 8 truck orders hit their lowest monthly level since late 2013 with around 20,000 units ordered while medium-duty orders rebounded.
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