COLUMBUS, Ind. — As predicted, Class 8 truck orders fell in January as the costly EPA2010 emissions standards came into effect, according to the latest data from ACT Research.
Net orders for Class 8 commercial vehicles totaled just 6,513 units in January, down 18% from January 09 which was a fairly weak month in its own right.
ACT’s State of the Industry: Classes 5-8 Vehicles reported January orders were expected to be soft, after December’s build slots were filled in advance of the new EPA emissions regime. Class 8 production for January was better than expected and just 3% off January 2009, ACT reports. Medium-duty Class 5-7 net orders were down 6% from last January.
“Despite an economic recovery that has begun to take hold, the implementation of the EPA2010 emission mandate has made a difficult situation more challenging,” said Kenny Vieth, partner and senior analyst with ACT. “While supply-demand imbalance in the US freight market continues to improve, we are still a quarter or two away from material improvement in freight rates, which should boost used truck demand and valuations.”
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