Class 8 Orders Continue Growth Streak
September is the 20th consecutive month of year-over-year improvement in Class 8 truck orders, according to a report by FTR.
September is the 20th consecutive month of year-over-year improvement in Class 8 truck orders, according to a report by FTR.
There were 24,477 Class 8 trucks ordered in September, 27% better than a year ago and the best September since 2005. FTR’s numbers are similar to another report by ACT Research which also highlighted a strong Class 8 segment.
“Class 8 orders overall are solid across the board and in line with FTR forecasts,” said Don Ake, vice president of commercial vehicles at FTR. “We enter the fourth quarter with positive momentum, which means the first quarter build numbers should be robust.”
September Class 8 numbers reflected a pull-ahead of fourth-quarter orders in response to OEM production constraints as fleets attempt to reserve build slots.
“If some of the September activity indeed is pull ahead, Q4 orders will be below expectations for the time period,” said Ake.
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