NASHVILLE, Ind. — It seems whenever there’s good news about Class 8 truck sales or orders these days, there’s a ‘but’ attached.
A case in point is the latest preliminary North American Class 8 net orders placed in July, as reported by FTR Associates. The industry analysts there say July orders totaled 9,002 units – a 9.6% increase over June.
That marks the second straight month of improvement, following June’s 9.7% increase over May. However, FTR Associates says overall orders are still weak – down 37.3% year-over-year.
“In early July we expected to see modest improvement in the monthly orders and that has come to pass,” said Eric Starks, president of FTR. “However, while the orders are increasing month over month, the annualized rate continues to represent a very weak market for new vehicles. We expect this trend to continue well into 2010.”
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