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A recent fleet survey predicts that both Class 8 and trailer orders will improve in the second quarter over the January-March time frame. The survey was conducted by CK Commercial Vehicle Research.
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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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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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Net orders for Class 8 Trucks hit a six-month low, recording 24,780 units, in March, according to preliminary data from FTR. This is the lowest level since September 2014 and the first time Class 8 orders have fallen year-over-year since January 2013.
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Customers who purchase a new Peterbilt truck and finance through Paccar Financial will receive updated warranty coverage going forward, the company announced.
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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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Class 8 truck orders orders were booked above a 400,000-unit seasonal rate in January for the fourth month in a row, according to ACT Research.
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Kenworth and Paccar Financial are offering an Extended Warranty Program for U.S. customers purchasing new Kenworth Class 8 trucks financed through PACCAR.
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Class 8 truck orders remained strong in January, with preliminary numbers coming in at around 35,000 units – an increase from January 2014 but falling below 40,000 units for the first time in three months.
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