Class 8 Truck Orders Are On the Upswing
Orders of Class 8 trucks are expected to rise in the coming months, according to ACT Research.
"Given recent historical precedent, we would expect orders to rise materially," says Kenny Veith, ACT's president.
"While our expectation is that orders will jump in early 3Q, we add two caveats. First, through all but the most recent cycle, OEMS have typically not opened out-year order books until September-October.
"Second, at a recent conference, an OEM executive indicated that his company was at least contemplating some type of allocation system to best serve all of their customer constituencies in challenging market conditions."