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High Cancellations Hurt July Class 8 Truck Orders
TruckingInfo.com ^ | 3AUG2016 | Staff Writer

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 July’s orders to hit 14,500 units. This is down from June’s 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, ACT’s president and senior analyst. “Medium duty orders remained on trend, while Class 8 orders continued to soften.”


TOPICS:
KEYWORDS: bhoeconomy; economy; manufacturing; shipping; trade; trends; trucking

1 posted on 08/05/2016 3:59:46 PM PDT by Jack Hydrazine
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To: Jack Hydrazine

There’s lots of good used stuff out there and that market is softer than last year.


2 posted on 08/05/2016 4:43:09 PM PDT by showme_the_Glory ((ILLEGAL: prohibited by law. ALIEN: Owing political allegiance to another country or government))
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To: Jack Hydrazine

Transportation industries are the first to go into a recession/depression. They are the last to come out of it.


3 posted on 08/05/2016 4:46:33 PM PDT by jim_trent
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To: showme_the_Glory

Do you keep an eye on the used tractor trailer market?


4 posted on 08/05/2016 4:57:54 PM PDT by Jack Hydrazine (Pubbies = national collectivists; Dems = international collectivists; We need a second party!)
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To: Jack Hydrazine

What about gliders?

I understand the Feds are clamping down on them also.


5 posted on 08/05/2016 5:07:37 PM PDT by headstamp 2 (Fear is the mind killer.)
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To: headstamp 2

Gliders? As in sailplanes and gliders that you can fly? Haven’t heard anything about it. What do you know?


6 posted on 08/05/2016 5:09:40 PM PDT by Jack Hydrazine (Pubbies = national collectivists; Dems = international collectivists; We need a second party!)
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To: Jack Hydrazine

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.


7 posted on 08/05/2016 5:15:41 PM PDT by headstamp 2 (Fear is the mind killer.)
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To: Jack Hydrazine

Unexpected.


8 posted on 08/05/2016 5:15:43 PM PDT by MuttTheHoople (Yes, Liberals, I question your patriotism)
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To: MuttTheHoople

Completely!


9 posted on 08/05/2016 5:28:29 PM PDT by Jack Hydrazine (Pubbies = national collectivists; Dems = international collectivists; We need a second party!)
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To: headstamp 2

Clamping down in what way?


10 posted on 08/05/2016 5:28:57 PM PDT by Jack Hydrazine (Pubbies = national collectivists; Dems = international collectivists; We need a second party!)
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To: Jack Hydrazine

“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.


11 posted on 08/05/2016 6:40:19 PM PDT by headstamp 2 (Fear is the mind killer.)
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To: headstamp 2

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.


12 posted on 08/07/2016 9:16:54 AM PDT by nascarnation
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To: headstamp 2
For off-road applications, some of the engine manufacturers are packaging all the exhaust "after treatment" in one assembly.

It's darn near as big as the engine itself.


13 posted on 08/07/2016 9:20:55 AM PDT by nascarnation
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To: Jack Hydrazine

Yes, new and used, maintenance, operations, crude oil, diesel fuel, warranties, all that kind of stuff related to trucks/trucking.


14 posted on 08/08/2016 5:45:34 AM PDT by showme_the_Glory ((ILLEGAL: prohibited by law. ALIEN: Owing political allegiance to another country or government))
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