Class 8 truck orders

DTNA, PACCAR Q2 market share grows as sales plummet

Second-quarter sales plummeted at Daimler Trucks North America (DTNA) and PACCAR Inc. (NASDAQ: PCAR) even as market share improved at both companies.

DTNA’s Class 8 share for Freightliner and Western Star trucks rose 1.9%, to 39.2%, in the April-to-June period. It is up 0.2 percentage point at 40.1% through the first six months of the year. Its Class 6-7 truck share stood at 35.2%, up 0.8 percentage point from 34.4% a year ago.

PACCAR’s combined  Kenworth and Peterbilt share stood at 29.6%, 0.5...

https://s29755.pcdn.co/news/dtna-paccar-q2-market-share-grows-as-sales-plummet

What does Navistar loss portend for other truck manufacturers?

International construction truck

Navistar International Corp.’s second-quarter fiscal loss from COVID-19-disrupted production in April points to worse numbers for truck manufacturers that will report pandemic-addled results for the April-June quarter.

For Navistar (NYSE: NAV), things likely will get worse in its third quarter, which covers May-July. Its second-quarter report on Thursday, June 4, pointed to the difficulties that manufacturers and suppliers will unpack when they report their second quarter results in July.

None of...

https://s29755.pcdn.co/news/what-does-navistar-loss-portend-for-other-truck-manufacturers?

Class 8 orders went negative in April

Row of Mack Trucks

April already was the worst month for Class 8 truck orders in a quarter-century. A late pullback of 10,000 bookings by one manufacturer dropped the month into negative territory with little improvement expected in May and no significant recovery until 2022.

That was the conclusion of industry experts Tuesday at the 13th annual Wolfe Research Global Transportation & Industrials Conference conducted online because of the coronavirus pandemic.

Tepid projections

ACT Research lowered its estimates for...

https://s29755.pcdn.co/news/class-8-orders-went-negative-in-april

+ More