Preliminary data compiled by ACT Research and FTR, class 8 North American truck orders topped the 20,000 unit mark for the fifth month in April.
Posting 23,900 truck orders last month, ACT President Kenny Vieth says early spring is the typical time of year when orders moderate, but he expects another month of solid orders before summer seasonal slack settles in.
April orders met expectations with a 4 per cent increase over March.
Fleets are expecting better freight conditions in the second half of the year, and current truck order activity reflects that.
The market continues to show solid movement, Ake said, and this is a typical moderate market recovery.
Truck sales were weak in Q1, but so was the economy.
Class 8 orders for the past six months now annualize to 262,000 units. Backlogs should increase in April, reaching levels nearly a year ago.
Source : ccjdigital.com article by Jason Cannon