April Class 8 truck orders tank but OEMs have ample backlogs

A dearth of Class 8 truck orders in April is more technical than meaningful. Major OEMs express optimism about delivering plenty of new equipment to ease pandemic-related pent-up demand.

Preliminary North America net orders  were 11,600 units, down 27% from a year ago and off 39% compared to March, according to ACT Research. FTR Transportation Intelligence pegged preliminary orders at 12,050 units, down 20% year over year and 37% from March.

Class 8 truck orders nose-dived in April. (Source: FTR...

https://www.freightwaves.com/news/april-class-8-truck-orders-tank-but-oems-have-ample-backlogs

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