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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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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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