NASHVILLE, Ind. — The good news is preliminary data from FTR Associates indicates North American Class 8 orders were up 9.7% in June over the previous month.
The bad news is, they were still 52.7% lower than a year ago. Industry forecaster FTR Associates said North American OEMs received 8,101 orders for Class 8 vehicles in June, marking the first month-to-month improvement in three months.
The annualized rate of 97,212 units also marked an improvement over the past three-month annualized rate of 94,872 units, the company said.
“June’s increase is a welcome sign that the heavy-duty market continues to stabilize, although at very low levels,” said Eric Starks, president of FTR Associates. “We expect to see additional slow improvement through the end of the year, but meaningful increases in equipment purchases will necessarily await higher freight demand.We do not foresee more freight moving for some time yet.”
FTR will release the final figures later in the month as part of its North American Commercial Truck and Trailer Outlook report. More info is available at www.ftrassociates.net.
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