FTR Reports Class 8 Orders Rebound in June at 17,600 Units

FTR reports preliminary Class 8 orders for June improved 7% on a month-over-month basis; the market continues to perform at a steady pace is consistent with seasonal trends.

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FTR releases preliminary Class 8 net orders for June at 17,600 units, a month-over-month improvement of 7%, and 38% better than a year ago. Class 8 orders had surprisingly retreated in May, but June’s bounce back activity is more in line with expectations. It is assumed that most of the June orders are for Q4 delivery enabling the OEMs to maintain their current build rates throughout the year. This would result in full-year numbers in line with FTR’s 2017 forecast. The Class 8 market continues to perform at a steady pace and is consistent with summer’s seasonal trends. Total orders for the past 12 months have totaled 216,000 units.

Don Ake, Vice President of Commercial Vehicles at FTR, comments, “The June orders confirm that the market just took a brief respite in May after several stronger-than-expected months. The orders are right where we expect them to be and on track with our forecast. The fact that orders are up 38% over last year proves the market is much improved this year.”

“Fleets are ordering to fill out their remaining requirements for the second half of the year. However, it is still good news that orders rose and did not drop significantly from May. This shows the market is steady, stable and primed for a strong year in 2018.”