US EditionACT Research: Preliminary Classes 5-8 net orders declined in July
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ACT Research: Preliminary Classes 5-8 net orders declined in July
COLUMBUS, Ind. — July preliminary North America Classes 5-8 net orders of 26.2k units declined 10% y/y after declining in June as well. “While the economy continues to grow, expanding 3.0% q/q in Q2, uncertainty, elevated equipment prices, and emerging signs of economic softness are all weighing on commercial vehicle demand,” said Carter Vieth, Research Analyst at ACT Research. “Solid freight generating segments like housing and manufacturing ar…
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