December Class 8 Orders Lowest Since September 2006
Jan 29, 2009 10:03 AM
Class 8 net orders for December 2008 were even softer than estimated, totaling 8,649 units, according to FTR Associates in its current North American Commercial Truck and Trailers Outlook service. This is the lowest level for orders since September 2006.
Orders for the three-month period, October, November and December 2008, are running at an annualized rate of a meager 119,100 units. Class 8 order backlogs fell to 52,703 units with a backlog to retail sales ratio of 3.9 months. This suggests further reductions in production.
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