Class 8 orders weak in June, Classes 5-7 consistent: ACT Research
COLUMBUS, Ind. — In the Class 8 market, weak orders persisted through June, while activity in the Classes 5-7 markets remained generally unchanged, according to ACT Research’s “State of the Industry” report.
“Class 8 backlogs continue to be consumed at a rapid rate,” said Kenny Vieth, president and senior analyst at ACT said. “With the order shortfall and backlogs becoming increasingly tight, most near-term build plans have been adjusted downward.”
Vieth said that Classes 5-7 orders in June remained consistent, but noted, “there is very little backlog cushion if orders slow from current levels.”
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