NASHVILLE, Ind. — North American Class 8 truck orders were down 9% in April compared to March and 57% lower year-over-year, according to the latest preliminary figures released by industry forecaster FTR Associates.
The latest figures totaled just 7,935 units for April across the US, Canada, Mexico and exports which reflects an annualized rate of just 95,220 units.
The figures reflect a “significantly depressed” Class 8 retail sales environment, FTR said.
“We don’t see any near term increases in Class 8 order activity because the fundamentals of the trucking industry today don’t support that,” said Eric Starks, president of FTR Associates. “FTR takes a hard look at everything likely to impact Class 8 sales; and right now that data indicates no significant improvement in new equipment demand.”
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