March Truck Sales Rise 33% Y/Y; Orders Soften



Transport Topics, citing data from WardsAuto.com, reported that U.S. truck makers sold 17,308 Class 8 trucks in March, a 33% increase from the same month last year, but the news comes as several potentially troubling signs have appeared.

Following a third straight month of declining orders in March, Kenworth Truck last week announced a round of factory layoffs, and Volvo Trucks said there would be temporary downtime at its lone U.S. truck plant, the article said.

WardsAuto.com said April 11 that heavy-duty sales for the year’s first quarter totaled 46,845, a 46.6% increase compared with the first three months of 2011. However, net Class 8 orders in North America during March were about 20,000, a 31% drop compared with the previous March.

To read the full Transport Topic article (subscription required) click here.


Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

No tags available

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com