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January trailer order numbers were down to start the year as fleets and trailer makers are still dealing with the large amount of orders made in 2018.
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Truck orders got off to a slow start in 2019 with early reports from industry analysts ACT Research and FTR tracking a 26% decline in January compared to December 2018.
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Despite a significant drop off in trailer orders to close out the year, 2018 was the best year on record for trailer orders, according to preliminary reports from ACT Research and FTR.
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December wasn’t a great month for Class 8 truck orders but it did little to dampen what was a tremendous year for the heavy-duty truck market in 2018.
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After a banner year in which Class 8 truck orders averaged at least 42,600 units per month, early reports from both ACT Research and FTR show a drop off in activity in November.
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Trailer orders keep pouring in, with preliminary data from Act Research indicating 55,530 were ordered in October and research firm FTR calling trailer orders “tremendous for the second month in a row,” giving a total for October of 53,000 units.
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FTR has reported that its Trucking Conditions Index for September fell to the lowest level in a year, indicating there has been "some stabilization in freight rates and demand.”
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Despite an overall positive truck sales forecast for 2019, tariffs and trade wars could be stumbling blocks that trip up the economy and send freight and truck sales downward, said two longtime industry analysts.
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FTR has raised its 2019 forecast for North American Class 8 truck factory shipments to 350,000 units. It has also increased its forecast for U.S. commercial trailer production to 310,000 units
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October Class 8 orders were above 40,000 units for the eighth month in a row, but two different companies reporting the data put rather different spins on their analysis of the numbers.
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