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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.
Read More →Truck production numbers show a trend toward smaller displacement engines and more straight trucks in the truck market, according to ACT Research and Rhein Associates.
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Orders for Class 8 trucks moderated from the record-setting levels of this summer, but were still 21% better than a year ago, according to ACT Research, while used-truck sales improved over September. However, cancellations rose.
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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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According to Peter Voorhoeve, who just weeks ago took over the reins at Volvo Truck North America, the OEM’s Class 8 market share in the U.S. has risen almost two percentage points in less than a year – from 8.6% for 2017 to 10.5% so far in 2018.
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A strong September meant that North American Class 8 net orders set another record in the third quarter of 2018, breaking the record set in the first quarter of the year. FTR says it often faces skepticism about how fleets can possibly fill these trucks.
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ACT Research expects Class 8 truck orders to slip to a still robust 42,800 units, and when paired with record order highs in July and August, FTR expects the third quarter of 2018 to set an all-time record.
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Trucking capacity appears to be catching up to strong demand in ACT Research’s latest for-hire trucking index covering the month of August.
Read More →Analysts are projecting another record-breaking month for Class 8 truck orders in August, according to preliminary numbers.
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