North American Truck Orders Post April Decline
COLUMBUS and BLOOMINGTON, IN -- Orders for new heavy-duty and medium-duty trucks in North America both hit the skids a little bit, but it's no cause for alarm. During April, 39,700 Class 5 through Class 8 truck orders were booked, down 6% compared the April 2014, according to preliminary numbers from the commercial vehicle industry data provider ACT Research. Actual numbers will be published in mid-May. "While the order volume represents a fairly sharp deceleration from the 50,000 units-plus order months experienced from October to February, the pullback is a reflection of already large backlogs as well as a paucity of build slots remaining in 2015," said Kenny Vieth, ACT president and senior analyst. "This month's net orders were not a surprise, considering that the calendar is moving away from peak order season."