Heavy-Duty Truck Orders Plunge in July
Transport Topics reported that new Class 8 truck orders plunged 31.1% in July from the year-ago level to 12,900, the lowest monthly total since August 2010, citing preliminary data from ACT Research.
The article said orders also fell 22.7% from June, citing ACT vice president Steve Tam. July is historically the weakest month of the year for new orders, “but even adjusting for that, it was below expectations,” Transport Topics quoted Tam as saying.
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