Anecdotal reports of Class 8 truck orders being canceled started gaining currency in October. Now, the statistics are bearing out the stories. Manufacturer-spiked orders for the past two months are the highest in more than a quarter of a century.
“Between this month’s cancellations and the restatement of October’s volume, we have to go all the way back to Q3 1995 to find a month, or two, to rival current cancellation volumes,” said Kenny Vieth, president and senior analyst at ACT Research.
The...
https://www.freightwaves.com/news/truck-order-cancellations-spike-but-not-for-lack-of-demand