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FTR and ACT Research released preliminary data showing October Class 8 net orders were up for October. FTR reported that Class 8 preliminary orders rose 39% from September to 25,960 units.
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As fleets continue to adapt to recent changes in hours of service regulations and face increasing challenges in finding drivers and technicians, nevertheless a new survey indicates they will be buying more trucks in 2014.
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September is typically the second weakest order month of the year for Class 8, so modest activity was expected, reports ACT Research. Class 8 net orders were 19,018 units, and there also was a spike in cancellations.
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INDIANAPOLIS -- As we continue to see mixed signals from the short-term economy, many are suffering from "stable environment anxiety," said Eric Starks, president of FTR Transportation Intelligence, in a commercial vehicle market update during FTR's Transportation Conference this week in Indianapolis.
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Sixty-five percent of the fleet executives that responded to the Q3 2013 Fleet Sentiment survey conducted by CK Commercial Vehicle Research in late July indicated they planned to place orders for Class 8 trucks in the next three months. This is an increase from the 53% that responded affirmatively during the Q2 survey in April.
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Although commercial vehicle orders slipped month over month in June, there was still good news to be had, with heavy-duty retail sales at a nine-month high when seasonally adjusted.
Read More →ACT Research said Class 8 vehicle orders in April stayed above 20,000 units for a seventh consecutive month. This total is the second highest volume of orders in 16 months, ACT stated.
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Class 8 truck orders for April are expected to come in between about 23,000 and 23,300, which is higher than last year and marks the fifth month in a row orders have been above 20,000, according to two leading trucking number-crunchers.
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Class 8 orders rose above 20,000 units for a sixth consecutive month in March, but fell sequentially for the first time since November, says ACT Research. However, cancellations fell to their lowest levels since Q3’10 for the second time in the past three months.
Read More →Preliminary numbers for March show Class 8 truck orders dropped slightly from February, but analysts are not concerned by when they see as a temporary dip.
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