by Wolf Richter
Wolf Street
“This, I think, was the Big One, where the fleet valuations fell out and took this company out.”
“On our lots, there are no lookers for used sleepers, and we will sell new sleepers at a loss to clear them out, and new orders for sleepers have come to a stop,” a heavy truck dealer who owns two stores with several franchises told me. The truck dealer was talking about the turmoil in the heavy-truck business, where orders for new Class-8 trucks have collapsed by as much as 80% year-over-year…