FTR has released preliminary data showing June 2014 North American Class 8 truck net orders at 26,255 units, an impressive 41% year-over-year increase and the best June since 2005. Class 8 orders have now had seventeen consecutive months with year-over-year increases. OEMs continue to increase build rates in response to solid demand for Class 8 trucks with June order activity putting additional pressure on supply. Class 8 orders for the latest six month period through June annualize to 333,000 units.
Don Ake, FTR Vice President of Commercial Vehicles, comments, “June’s numbers are significant, especially considering that order activity typically slows when summer starts. It wouldn’t have been surprising to see Class 8 orders under 20,000 units for June, so a 26,000 level is outstanding. FTR has been forecasting a very robust second half of the year and the positive June numbers confirm our outlook.”
Final data for June will be available from FTR later in the month as part of its North American Commercial Truck & Trailer Outlook service.