NASHVILLE, Tenn. — Industry forecaster FTR Associates has released its preliminary February truck sales figures, which show the lowest numbers in more than six years.
Net orders for all North American OEMs fell to 6,167 units in February, according to the company. That includes orders in the US, Canada and Mexico as well as exports.
The February figures show a 21% decline from January and a 60% decline since last February.
“We have been anticipating this slow-down in order activity for some time now and expect orders to drop to 5,000 units or below over the next several months,” said Eric Starks, president of FTR Associates.
The low February truck sales figures reflect “weak fundamentals” in the market, according to the forecaster. Final data will be released later this month. For more info, visit www.ftrassociates.net.
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