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Used truck dealers continue to characterize business as “good” or even better than expected, although maybe not quite as strong as they had hoped, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
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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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The economy and freight continues to chug along in an "OK" mode, while stagnant capacity and new and pending regulations put the industry "on the cusp of a capacity crunch" if the economy speeds up, according to a panel of economic and industry experts at the American Trucking Associations' annual convention Sunday.
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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.
Read More →The average selling price of total reported Class 8 used trucks continued to hold up better than expected in August, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
Read More →Every trailer category posted month-over-month order gains in August, according to the most recent update on industry performance reported in the State of the Industry: U.S. Trailers published by ACT Research Co.
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.
Read More →August saw Class 8 orders rise to their highest level in three months with a preliminary reading of 19,500 units (+20%y/y). The August seasonal factor is the third lowest in 2013. When applied, August’s seasonally adjusted Class 8 order total rises to 22,000 units. The August SA reading represents the third best order month in the past 20.
Read More →Volumes for used Class 8 trucks sold in July recovered from the steep decline they experienced in June. All three market segments, auction, retail and wholesale, contributed to the sequential gain, with the total market improving 4% month-over-month.
Read More →Even with the appropriate seasonal perspective, trailer order volume was below expectations in July. July net orders of 12,739 units were down 17% month-over-month.
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