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Jul 7, 2015

TRUCKS MARKET * USA: Decline in truck orders

* Indiana - Not surprising
-- Orders for both medium-duty and heavy-duty trucks in North America posted declines, according to two newly released preliminary reports, but the markets remain healthy... For the month of June, 34,600 Classes 5-8 vehicle orders were booked, down 14% from May and 17% less compared to June 2014, according to ACT Research... The commercial vehicle industry data provider said it believes the recent order decline is a reflection of meaningfully larger backlogs rather than any structural change in demand... It noted during May, Classes 5-8 backlogs were at 56,000 units, or 33% above their year-ago levels... Meantime, medium-duty orders reduced the monthly net order volume to 14,700 units, well below the 19,300 units per month net order average experienced since last July, according to Vieth... A separate report from the freight forecasting firm FTR shows North American Class 8 truck net orders fell for the fourth straight month to 19,624 units, 25% below a year ago... Class 8 orders, while fairly predictable for the period, were somewhat above the current seasonal trend showing just a 2% month over-month-decline from May, according to the firm... It believes the market remains robust, reflected in the orders received in what is typically a weak order month... FTR said its research shows there are few build slots available for the balance of the year due to the solid backlogs as Class 8 orders over the last six months, equaling an annual rate of 305,000 units... 
Columbus and Bloomington, IND, USA – Today's Trucking - Jul 6, 2015

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