Class 8 orders remain weak in July; analyst blames lack of confidence
COLUMBUS, Ind. — As expected, Class 8 net orders were weak in July with build rates exceeding the pace of incoming orders.
The most recent data published by ACT Research in its State of the Industry report, showed consistent Classes 5-7 orders but continuing weak orders for Class 8 trucks.
“Concerning the heavy-duty market, we view the unusual pairing of weak orders and low cancellations as a reflection of today’s bifurcated truck market,” said Kenny Vieth, president and senior analyst at ACT. “To that end, we believe confidence is at a key component of the order pullback across a large swath of carriers.”
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