In continuing positive news about the strength of our economy, ACT Research data indicates that Class 8 truck orders just collapsed an astounding 68% for January. The decline is being attributed to a 300,000+ vehicle backlog potentially prompting fleets to halt purchases in the near term.
Class 8 trucks are one of the more common heavy trucks on the road, used for transport, logistics and occasionally (some dump trucks) for industrial purposes. Typical 18 wheelers on the road are generally all Class 8 vehicles.
...dealers are starting the year with more unsold inventory than they had when auto sales peaked three years ago. “We’ve carried too much inventory because we’ve been conditioned at artificial rates,” one dealer said.
During the conversation, Khan and his COO "succeeded in getting Huawei representatives to admit, on tape, to breaking the contract with Akhan and, evidently, to violating U.S. export-control laws."
“My biggest concern is the cold weather drained my battery 20 to 25 miles overnight and an extra five to ten miles on my drive to work. I paid $60,000 to not drain my battery so quickly.”
