New truck orders pause in May
Research groups say overall market outlook remains positive.
Orders for new Class 8 trucks dropped in May from the previous month, but remained well above year-ago levels, two industry groups reported.
ACT Research said Class 8 orders were 16,800 units in May, down 30% from April and the lowest in the seven months. However, that was up 18% higher than May 2016.
The firm also reported overall Classes 5-8 net orders fell 11% in May to 38,100, the second consecutive monthly dip, but were 20% ahead of last year’s pace.
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Source:: http://fleetowner.com/equipment/new-truck-orders-pause-may
