Posted on 08/05/2016 3:59:46 PM PDT by Jack Hydrazine
It looks like July was another off month for Class 8 truck orders as industry analysts are predicting some of the lowest numbers since 2010, according to preliminary numbers from ACT Research and FTR.
FTR is predicting Class 8 truck orders will come in at around 10,400 units while ACT Research is projecting 10,500 units for the month. Both forecasts are well below July 2015 orders and mark one of the weakest months since 2010. Compared to June, orders were down 19%, which FTR attributed to higher than normal order cancellations in the month.
Usually there are a low number of cancellations in July, but not this year," said Don Ake, FTR's vice president of Commercial Vehicles. "The high cancellations are likely the result of fleets placing large orders at the end of 2015, for delivery a year out. OEMs are trying to confirm Q4 production, with some orders shaking out of the backlog as a result.
Class 5-7 medium duty truck orders remained on trend according to ACT Research, which projects Julys orders to hit 14,500 units. This is down from Junes order numbers, which hit 15,200 units.
In line with the two-speed U.S. economy of healthy consumers and weak industrial activity, the two-speed commercial vehicle story continued to unfold in July, said Kenny Vieth, ACTs president and senior analyst. Medium duty orders remained on trend, while Class 8 orders continued to soften.
There’s lots of good used stuff out there and that market is softer than last year.
Transportation industries are the first to go into a recession/depression. They are the last to come out of it.
Do you keep an eye on the used tractor trailer market?
What about gliders?
I understand the Feds are clamping down on them also.
Gliders? As in sailplanes and gliders that you can fly? Haven’t heard anything about it. What do you know?
http://www.overdriveonline.com/gliders-101-five-common-questions-about-glider-kits-answered/
http://www.htctrucks.com/index.php/sales/glider-kits/harrison-truck-centers-glider-kits
A glider is basically a new truck without a driveline. Pre-emission engines are installed in them.
I heard the feds are clamping down on them now.
Unexpected.
Completely!
Clamping down in what way?
“Clamping down in what way?”
With bench vises. (grin)
Trying to stop “new” vehicles being equipped with earlier engines not conforming to current emissions standards.
Some of the Fed mandated low emission engines have been costly, problematic and unreliable. (Urea, EGR)
These glider kits have been used to cut costs for upgrading equipment for many years.
These new engines are so complex and long term maintenance and repair is really expensive.
I can see why a re-man pre-2007 diesel in a new chassis would be a sweet rig.
It's darn near as big as the engine itself.
Yes, new and used, maintenance, operations, crude oil, diesel fuel, warranties, all that kind of stuff related to trucks/trucking.
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