Class 8 truck orders in-line with expectations, says Wells Fargo

theflyonthewall.com

Wells Fargo notes that ACT Research preliminary March 2013 Class 5-8 truck net orders decreased 4% from February despite increasing 4% year-over-year. Class 8 truck orders were 22,100 units, up 10% year-over-year, but down 5% from February's 23,027, the firm added. Wells found the data largely consistent with its expectations, but says the sequential decline may be a short-term negative for Cummins (CMI), Navistar (NAV) and PACCAR (PCAR).

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