The month of October saw an uptick in Class 8 net orders for all major North American OEMs, with orders totaling 21,792 units
. The month's volume indicates a 104 percent boost over September and a 117 percent year-over-year rise.
For the last three months, Class 8 orders have seen an annualized rate of 172,300 units, an improvement over the first half of 2009. These figures include orders for the U.S., Canada, Mexico and exports.
"All indications are that the October increase is due to the filling up of remaining 2009 production slots for trucks with the older 2007 engine technology and to avoid the new 2010 engines, which due to tighter emission standards will be more expensive and will employ new technology," said Eric Starks, president of FTR. "Significantly, the order activity was broad based among the OEMs from fleets of various sizes and did not appear to be dealer restocking."
"We are encouraged that fleets have developed enough confidence in the economic recovery that they have been willing to make such commitments at this time. However, we believe this is a temporary situation that may actually take orders away from early 2010 so our forecast for next year remains very conservative until we see economic activity to support solid orders going forward."
. The month's volume indicates a 104 percent boost over September and a 117 percent year-over-year rise.
For the last three months, Class 8 orders have seen an annualized rate of 172,300 units, an improvement over the first half of 2009. These figures include orders for the U.S., Canada, Mexico and exports.
"All indications are that the October increase is due to the filling up of remaining 2009 production slots for trucks with the older 2007 engine technology and to avoid the new 2010 engines, which due to tighter emission standards will be more expensive and will employ new technology," said Eric Starks, president of FTR. "Significantly, the order activity was broad based among the OEMs from fleets of various sizes and did not appear to be dealer restocking."
"We are encouraged that fleets have developed enough confidence in the economic recovery that they have been willing to make such commitments at this time. However, we believe this is a temporary situation that may actually take orders away from early 2010 so our forecast for next year remains very conservative until we see economic activity to support solid orders going forward."
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