North American Class 8 truck net orders dropped 11% in April from March, rose 5% versus a year ago to 24,115; yearly comparisons have been positive for 15 straight months, with industry on track for 'great year': FTR
May 5, 2014
– FTR has released preliminary data showing April 2014 North American Class 8 truck net orders at 24,115, 11% below March results. While orders tempered in April 2014 from the torrid pace set in the previous four months, they were 5% above a year ago, continuing the year over year positive comparisons for a fifteenth consecutive month. Class 8 orders over the last six months have seen activity reach 334,000 units on an annualized rate. OEM’s are expected to continue to raise build rates to meet the demand.
Click here to view the latest release and an interactive graph of the Class 8 Truck Orders>
Don Ake, FTR Vice President of Commercial Vehicles, commented “April orders generally met our expectations and are in line with our forecast. Class 8 order activity was bound to fall back some from the velocity of the past four months. With orders up almost 28% year to date, the industry is on track for a great year.”
Final data for April will be available from FTR later in the month as part of its North American Commercial Truck & Trailer Outlook service. To contact FTR, send an email to firstname.lastname@example.org or call (888) 988-1699 ext. 1.