skp51443 Posted January 12, 2016 Report Share Posted January 12, 2016 I ran across this on truck sales and it might be a good time to look at getting a new truck: http://www.zerohedge.com/news/2015-12-03/there-go-truckers-trade-collapse-hits-home-unprecedented-59-plunge-heavy-truck-order November Class 5-8 orders decreased 40% yr/yr and 26% from October. The yr/yr decline was the eighth consecutive month of Class 5-8 contraction. The decline yr/yr was driven by weaker Class 8 order intake. Class 8 orders of 16,600 were below our channel check based 22,000-25,000 expectation, dropped 59% yr/yr and 36% from October (vs. the ten-year average 7% decrease in November from October), and was the weakest order month on a seasonally adjusted basis since August 2010. Clearly, November Class 8 orders slowed to weak levels and were beneath expectations. We estimate the Class 8 order intake translates into a Class 8 backlog decline of about 6-8% from October and 15-18% yr/yr. Further, we estimate that backlog to inventory fell to 1.6-1.7 from October’s 1.82 and remained beneath 2 for the third consecutive month. Link to comment Share on other sites More sharing options...
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