A seasonal slowdown and manufacturers’ caution in booking more Class 8 truck orders than they can produce combined in May to create little change in the new equipment picture.
ACT Research said its preliminary estimate of 14,000 orders actually was a slight uptick considering seasonality. Orders typically decline from April to May.
However, uncertainty about the Russian invasion of Ukraine, interest rates, a potential recession, long backlogs and supply chain-constrained production kept new...