New Trucks Class 8 Orders Reaches All- Time High in July

Orders in the first seven weeks are nearly 222,000. “July’s action was nearly triple that of July 2017,” ACT Vice President Steve Tam said in a declaration. One analyst pointed to the action among dealers trying to stock up. The prior record was 52,194 set in March 2006. At exactly the identical time, carriers are posting record profit margin because the broader environment for the trucking sector stays strong, she said. A year before that the orders were 18,726. Class 8 requests in July establish an all-time high and jumped past 52,000 as the crush continues.  “The [truck manufacturers ] are launching their manufacturing programs for the following year, and the strength in orders is coming out of dealers since they are preparing for a strong 2019 and have been suspended out of construct schedules for this year — over 90% of the orders June were for 2019,” Credit Suisse analyst Jamie Cook wrote in a note.