FTR Associates has released preliminary data showing August Class 8 truck net orders at 15,935 units were up 27% from July. While August numbers were much better than July, the month still ranks as the second lowest order month since August 2010. The annualized rate for net orders placed in the last three months comes in at just 179,300 units, well below the same period a year ago. Preliminary order numbers are for all major North American OEMs.
Eric Starks, FTR’s President, comments, “The August order numbers are where we expected them to be and validate our assumptions that production should ease over the next few quarters to come in line with demand. We are forecasting Q4 orders to fall below the current production levels.”