Bloomington, IN – FTR announced today that its preliminary data for August shows North American Class 8 truck net orders show a year-over-year increase of 29%.
With these numbers, Class 8 orders now have 19 consecutive months with year-over-year increases.
The company says the strong orders can be credited to summer dealer incentive programs, and that last month has been the strongest for orders since 2005.
Don Ake, FTR vice-president of commercial vehicles, said in a release, “The strength of August orders was not broad-based; and the volume is not as positive as it appears because orders were driven, in part, by dealer incentive programs. Regardless, business activity remained healthy in August and the Class 8 market is still robust coming out of the summer season. Order volume was consistent with the FTR forecast.”