July Class 8 Orders Weakest in 2 Years

NASHVILLE, IN – Class 8 truck net orders for the month of July have reached 12,568 units, the lowest number since August 2010. The orders are 32 percent lower than the same month last year, according to FTR Associates.

The numbers shown in the preliminary order as shown by FTR are for all major North American OEMs. The July orders are 23 percent lower than weak June activity and continue to show soft demand for Class 8 vehicles. For the three-month period, including July, orders now annualize to 186,300 units.

“While orders came in below expectations, they didn’t really surprise us,” said Eric Starks, FTR’s president. “We have been forecasting slower sales of Class 8 vehicles in the second half of 2012 for some time, and the reported order numbers for July support our current outlook for the remainder of the year.”

Final data for July will be available from FTR later in the month as part of its North American Commercial Truck & Trailer Outlook service

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