Heavy Duty Truck Orders Tumble 43% To Two Year Low
Orders for heavy duty Class 8 trucks tumbled 43% Y/Y (down 24% M/M) in December to just 21,300 units, representing the second consecutive YoY decline in 2018 and a 25-month low on a seasonally adjusted basis, according to ACT Research.
Class 8 trucks are one of the more common heavy trucks on the road, used for transport, logistics and occasionally (some dump trucks) for industrial purposes and their order book is used by Wall Street as a coincident indicator of trade and logistical conditions. Typical 18 wheelers on the road are generally all Class 8 vehicles.
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