No surprises with June’s Class 8 order activity
BLOOMINGTON, Ind. — Preliminary Class 8 truck orders came in at a predictable 19,624 units in June, according to FTR.
This marked the fourth straight month of declines, with a total that was 25% off last June’s number and 2% lower than May 2015.
Still, FTR says the market remains “robust,” noting June is typically a weaker order month.
“The Class 8 market is heading into the summer order bottom at a very normal, predictable pace,” said Don Ake, FTR’s vice-president of commercial vehicles. “The drop in orders is not cause for concern at all. Orders should continue to trend down in July and possibly even August. Fleets right now are evaluating their 2016 requirements, and quoting activity by the OEMs has just started. Class 8 orders will remain rather subdued until the fall order season kicks in this October.”
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