COLUMBUS, Ind. — Class 8 orders continue to be soft, causing the industry’s backlog to fall nearly 8,000 units to 106,407 in April.
The latest State of the Industry report from ACT Research indicated heavy-duty orders are disappointing and will need to pick up soon to sustain current build rates.
“Heavy-duty orders continued to disappoint in April,” said Kenny Vieth, president and senior analyst at ACT. “However, OEM build plans remain aggressive. For those build plans to come to pass, orders need to recover sooner, rather than later. A continuation of reasonable freight growth, strong trucker profits, and healthy used truck prices are expected to support demand once the current period of uncertainty is worked through.”
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