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Net orders for Class 8 trucks fell to just over 22,400 units in April, the lowest amount since November 2013, according to ACT Research.
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The total reported volume of Class 8 truck sales in April remained nearly unchanged month to month but were up 1% to 2,806 units, according the latest report by ACT Research.
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April Class 8 truck orders were down compared to March as well as to the previous year, according to preliminary data, but the drop was not unexpected.
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At the National Private Truck Council annual meeting, economist Kenny Vieth declared private fleets are now “sitting in the catbird seat” because they are “poised for growth” as the economy keeps gaining speed and freight volumes keep rising.
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March used Class 8 truck sales jumped 14% over February to 2,770 units for the month according to the latest report from ACT Research.
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Truckers are ordering new equipment in record numbers, but are not turning to natural gas fueled trucks as fast as had been projected two years ago, according to a new report from ACT Research.
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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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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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Used Class 8 truck sales fell to 2,239 units in January - a 12% decline from December and a 3% decline year-over-year, according to a report from ACT Research.
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