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Class 8: Drop in order cancellations * USA
* Georgia - Drop in Class 8 order cancellations reflects positive view of economy by truck buyers
(Picture: Mack Trucks' plant - In March, order cancellations fell to their lowest levels since Q3 2010)
Atlanta,GA,USA -Fleet Owner, by David Cullen -Apr. 23, 2013: -- The number of new Class 8 order cancellations fell again in March to continue a positive trend first sighted late last year, Kenny Vieth, president and senior analyst of commercial-vehicle market analysis and forecasting firm ACT Research (ACT), told ... Overall, according to ACT, Class 8 orders climbed above 20,000 units for a sixth consecutive month in March, but fell from the month before for the first time since November. Class 8 net orders for March added up to just over 22,000 units. In the Class 5-7 medium-duty segment, net orders for March totaled 15,400 units, which Vieth said amounted to a volume just below both February and the year-ago March levels. According to Vieth, while the Class 8 order backlog in October stood at 70,000 units, by the end of March it had risen to nearly 86,000 units. Vieth pointed out that back in October and November, the cancellation level was right around 2,300 units. It dropped noticeably in January to 1,200 and by the end of March fell to just 1,000 units...
* Washington - Paccar's first-quarter net drops 28% on lower revenue
Bellevue,WASH,USA -Morningstar Advisor, by Bob Tita -23 April 2013: -- Paccar Inc.'s first-quarter earnings sank 28%, as the truck maker blamed a weak U.S. economy for discouraging truckers from buying the company's Kenworth and Peterbilt commercial trucks... The company's sales and income from the quarter missed analysts' estimates. Paccar's first-quarter revenue from trucks dropped 23% from a year ago, to $2.93 billion, while operating profit from trucks dropped 45%, to $165 million. The Bellevue, Wash., company attributed the decline to a sluggish truck market in North America caused by anemic economic growth in the United States. Paccar's first-quarter revenue from the U.S and Canada dropped 25% from a year ago... Paccar said industry-wide sales of new heavy-duty trucks in the U.S. and Canada dropped to 45,000 vehicles during the first quarter, down from 54,000 trucks a year earlier...
* Ontario / Canada - Hino to debut new cabover model next month
Mississauga,ONT,CAN -Truck News -April 24, 2013: -- Hino Motors Canada will be introducing its new 165 model cabover engine (COE) truck in May. With all the same standard features and equipment as Hino’s other COE models, the new Hino 165 is positioned at the top of the Class 4 GVWR range at 16,000 lbs. Available wheelbase options for the model will accommodate body lengths ranging up to 18’. Hino officials say the design is intended to maximize payload capability. Hino’s new COE model is powered by its 210 horsepower turbo diesel engine rated at 440 lb.-ft. torque and is coupled to a six-speed fully automatic transmission. The cab includes an “industry exclusive” driver’s magnetic suspension seat designed to maximize driver comfort. Optional rear air ride suspension will also be made available on the new model, Hino said...
Labels: truckmakers news USA and Canada
posted by Unknown @ 1:40 PM
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