Note that these numbers are preliminary. Complete industry data for March, including final order numbers, will be published by ACT Research in mid-April.
“March marks the fourth consecutive month of orders meaningfully below the current rate of build. Over that four-month period, Class 8 orders have been booked at a 194,000 SAAR, compared to a 489k SAAR for the same period a year ago,” said Steve Tam, ACT vice president. “Even though demand is a shadow of its former self, slowing order intake belies current conditions. Admittedly, economic and freight growth are slowing, but both are still growing. And in the context of retreat from record levels, it is no wonder truck buyers continue to pursue incremental profits, as evidenced by the number of unbuilt units in the backlog.”
How has COVID-19 impacted your team and your vendor partners? Can you share any challenges or success stories that you have encountered in the wake of the pandemic? Jim Kelly: These unprecedented times have challenged our team, our customers and... read more
Fraud generally does not involve violence or force but instead arises from intentionally misplaced expectations. Common themes include deception, misdirection and reliance on the good faith of victims. Indeed, the “con man” moniker derives from the phrase “confidence man.” This... read more