FTR Associates on Thursday, Aug. 2, released preliminary data showing July Class 8 truck net orders at 12,568 units, the lowest month for orders since August 2010.
FTR Associates released data showing April Class 8 truck total net orders at 16,877 units, the lowest number since September 2010.
Paccar confirmed reports that it plans to lay off 10 percent of the work force at its Kenworth plant in Chillicothe, Ohio, in response to weakening orders.
Preliminary orders fell 12 percent in July from June to the lowest monthly total since September 2010.
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Class 8 truck total net orders for all major North American OEMs were at 12,903 units, a 9.8 percent decline from April.
Class 8 production topped projections, dipping 3 percent below January 2009.
Heavy truck demand for 2010 is likely to slow after 2007 engine inventory is exhausted.
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