NASHVILLE, Ind. — Industry forecaster FTR Associates released its preliminary March truck orders figures this morning, showing a 26% increase from February’s dismal numbers.
North American OEM orders totaled 8,594 units in Canada, the US and Mexico as well as exports. While the number is significantly higher than in February, orders are still 44% lower than in March, 2008.
First quarter orders reflect an annualized rate of 92,772 units.
“We did see an increase in orders in March, which is of course positive news following the very low numbers which came in for January and February,” announced Eric Starks, president of FTR Associates. “However, the annualized rate of incoming Class 8 orders through March is still dismal. FTR does not see a sustainable rebound in Class 8 order activity for the foreseeable future. The industry and economic environment just don’t support increased fleet equipment purchases.”
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