Pent-up demand for new Class 8 trucks in a slowing freight market has rebalanced equipment orders to replacement purchases.
This is not an altogether bad thing as manufacturers look to a slower quarter with more holidays.
“The Class 8 backlog should rise by around 3,400 units when full October data are released in mid-November,” Kenny Vieth, ACT Research president and senior analyst, said. “If those numbers hold, Class 8 backlogs will have ended October at around 165,000 units.”
That’s a healthy...
https://www.freightwaves.com/news/class-8-catch-up-largely-over-as-replacement-iron-drives-orders