Canadian Class 8 truck sales reached 3,225 units in October
TORONTO, Ont. — Class 8 truck orders fell sharply this November to 27,500 units – marking the end of five consecutive months above 40,000 units, FTR reports.
It was the weakest month since September 2017. But FTR says the drop was expected, as OEMs have nearly filled their order boards for 2019. Class 8 orders for the last 12 moths have totaled 499,000 units.
“A couple of the OEMs that had some open capacity actually had solid order numbers, while the rest appear to be nearly sold out for next year,” said Don Ake, FTR’s vice-president of commercial vehicles. “This drop in orders was reasonable considering the huge volumes of the last five months, although 27,500 is not that bad of a number. The freight fundamentals remain strong and we still expect the equipment markets to have a great year in 2019.”
In Canada, Freightliner accounted for 28% of Class 8 sales this October. International held onto 57% of the Class 7 market, with Freightliner taking about 40% of Class 6 sales, and Ford accounting for 48% of Class 5.
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