COLUMBUS, Ind. — Class 8 truck orders came in under expectations in March, according to preliminary results from ACT Research.
ACT reported Class 8 orders totaled 18,400 units, the weakest month since September 2010 in what is traditionally a strong month. Medium-duty truck orders of 13,500 units were in line with expectations.
“As was the case in February, we attribute softness in Class 8 orders to near-term phenomena including a pullback in confidence brought about by the fall-off in freight at the beginning of 2012, coupled with the subsequent run-up in diesel prices since the beginning of the year, and higher reported Class 8 prices on 2013 model year equipment,” said Kenny Vieth, president and senior analyst, ACT Research. “Beyond those reasons, actual and anecdotal data that we track continue to be supportive of a healthy Class 8 market.”
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