North American truck orders totaled 17,600 in July, the lowest tally this year but 36.2% higher than the same month in 2012, ACT Research reported.
Last month’s order intake was down 6.5% from the 18,831 orders placed in June. Though the year-over-year jump was the largest percentage gain in 21 months, that surge was more a reflection of weakness a year ago.
ACT President Kenny Vieth described the July total as a “satisfactory” number for that month, which is typically the weakest of the year.
“During the third quarter, we know from history that orders are going to be soft, so you can’t take them at face value,” he said.
ACT said the order intake represented the sixth straight…
By Seth Clevenger, Staff Reporter for TT