FTR’s preliminary data for North American Class 8 truck net orders in March were 27,139, the fourth consecutive month of solid order activity. December 2013 through March 2014 is the best four-month period since 2006.
The past fourteen months have each shown a year-over-year improvement with totals for the first quarter of 2014 at 35% above the first quarter of 2013.
Class 8 orders over the last six months were 337,000 units on an annualized rate and continue to meet positive expectations.
Don Ake, FTR Vice President of Commercial Vehicles, commented, “This is a great order total for the month of March. The market is maintaining strength and confirms we are in a solid growth cycle. OEMs are expected to increase build rates in response to their growing backlog.”
Final data for March will be available from FTR later in the month as part of its North American Commercial Truck & Trailer Outlook service. To contact FTR, send an email to [email protected] or call (888) 988-1699 ext. 1.