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ANALYST * USA - As the economy goes, so do heavy truck orders
New York,NY,USA -Today's Trucking -15 Jan 2007: -- Preliminary numbers for December Class 8 orders in North America are modestly lower than expected now that last year's "pre-buy" is all but over, say market analysts Bear Stearns of New York. .. Class 8 net new orders for the last month of '06 were 17,700 (vs. the firm's 18-20,000 forecast), which is down 54 percent y/y... Class 8 monthly net new orders to go lower, stay down longerThe firm suggests orders was driven partly by exports (again) but this time also from a Freightliner dealer stocking program that ended in early January. Under this program, a dealer that orders two trucks receives a $4,500 net promotion credit, a $2,900 retail credit, plus flooring interest reimbursement for up to 90 days, to help offset new model introductory expenses...
posted by Unknown @ 12:11 PM
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