December Class 8 truck orders above 40,000 for third consecutive month

FTR reports Class 8 net orders for North America in December were about 40,000 for the third month in a row.

FTR December2014Class8TruckOrders 54ac48314531f

FTR has released preliminary data showing December 2014 North American Class 8 truck net orders at 43,620, the third consecutive month above the 40,000 level. December’s order strength, unlike the previous two months, was broad based among OEMs, with almost all manufacturers showing healthy increases from the previous month indicating an overall vibrant truck market. Total N.A. Class 8 truck orders for 2014 equaled 375,000 units, the second highest order year in history (versus 2004) with 2014 Q4 orders exceeded only by 2006 Q1.

Don Ake, FTR Vice President of Commercial Vehicles, comments, “The market momentum is now feeding on itself with orders once again exceeding expectations in December. Reports are that more than 75% of the larger fleets have their 2015 orders booked. One OEM reportedly has lead times for volume orders out to July. With build slots at a premium, fleets have accelerated orders for 2015 requirements to reserve their places for future deliveries. Some of these orders will inevitably be moved out or even cancelled, but for now the industry is very bullish on the 2015 truck market.”

Final data for December will be available from FTR later in the month as part of its North American Commercial Truck & Trailer Outlook service.