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Apr 28, 2017

COMMERCIAL TRUCK MARKET * USA: On a new turnaround

* Truck industry struggles with weak sales, but strong orders point to febound


--- After a troublesome period, the commercial truck market may be in the initial stages of a turnaround... While analysts are forecasting a second consecutive down year for heavy-truck sales and a stable year of growth in the medium-duty market, truck manufacturers are reporting strong growth in their order backlogs during the first quarter of the year... Production is starting to ramp up to support rising orders for Class 8 trucks. In March, orders rose 41 percent to 22,800 vehicles, signaling a recovery on the horizon... For example, Volvo Group, which sells Mack- and Volvo-badged trucks in North America, said Tuesday that deliveries plunged 34 percent to 7,065 vehicles in the first quarter compared with the same period a year earlier. However, orders surged 27 percent to 11,334 in the first three months of the year... Paccar Inc., the maker of Peterbilt and Kenworth brands, said Tuesday that first-quarter deliveries of its trucks in the U.S. and Canada dipped 8.1 percent to 17,000 compared with the same period last year. But the company thinks the rest of the year will improve... The demand for Class 8 vocational trucks has also held up better than the tractor trailer side of the business because of the prospects for an improved construction market... 
 (Photo: Brian Hadden/Trucks.com - Freight liner trucks for sale)  --  Bloomington, IND, USA - Trucks.com, by CRAIG GUILLOT - APRIL 27, 2017

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