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Class 8 truck orders see March decline

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Class 8 truck orders see March decline
While March orders for Class 8 tractors saw declines, ACT Research officials say that the orders are expected to see an uptick later this year. 

COLUMBUS, Ind. — Preliminary North American Class 8 net orders in March were 19,200 units, down 10% year-over-year and 19% month-over-month, according to ACT Research.

“Given how robust Class 8 orders were into year-end and ensuing backlog support, coupled with increasingly cautious readings from the ACT Class 8 Dashboard (-6 on average year-to-date in 2023, vs. -3 on average from March-December 2022), we have expected seasonally adjusted orders in a range of 15-20k units per month into mid Q3’23,” said Eric Crawford, ACT’s vice president and senior analyst. “After coming in stronger than expected last month, seasonally adjusted Class 8 orders fell back within the 15-20k range and have averaged 19,500 units year-to-date.”

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The Trucker News Staff produces engaging content for not only TheTrucker.com, but also The Trucker Newspaper, which has been serving the trucking industry for more than 30 years. With a focus on drivers, the Trucker News Staff aims to provide relevant, objective content pertaining to the trucking segment of the transportation industry. The Trucker News Staff is based in Little Rock, Arkansas.
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