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After a high-side surprise in October, Class 8 orders provided some low-side disappointment in November. For the month, new and net orders were 22,231 and 21,255 units, respectively.
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November Class 8 truck orders totaled 20,915, the second consecutive month above the 20,000 mark, according to preliminary data from transportation forecasting firm FTR. However, the company notes that was below expectations.
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As expected from the preliminary report, Classes 5-8 orders were strong in October. This updated status of the North America commercial vehicle market was included in the State of the Industry report, recently released by ACT Research Co.
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FTR and ACT Research released preliminary data showing October Class 8 net orders were up for October. FTR reported that Class 8 preliminary orders rose 39% from September to 25,960 units.
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All That's Trucking Blog: Could we see a re-emergence of Class 8 cabovers in the U.S. and Canada? A couple of Canadian fleets appear to be interested in them for improved freight efficiency, but an exec from the one company that's still making them doesn't think drivers would stand for it.
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September is typically the second weakest order month of the year for Class 8, so modest activity was expected, reports ACT Research. Class 8 net orders were 19,018 units, and there also was a spike in cancellations.
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According to August sales reported to NADA by dealers, auctions, and OEMs, sleeper tractor pricing has set a new record in the retail channel, and returned the best month of the year in the wholesale channel.
Read More →Class 8 orders rose compared to August and a year ago. When actual data is available mid-month, Class 8 orders are expected at 20,100 units.
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INDIANAPOLIS -- As we continue to see mixed signals from the short-term economy, many are suffering from "stable environment anxiety," said Eric Starks, president of FTR Transportation Intelligence, in a commercial vehicle market update during FTR's Transportation Conference this week in Indianapolis.
Read More →As expected from the preliminary report, August was a good month for Classes 5-8 orders. However, the absence of sustained economic strength remains a limitation for Class 8 demand, and build expectations have been sharply curtailed over the past two months.
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