FTR Associates has released preliminary data showing August Class 8 truck total net orders for all major North American OEMs at 12,337 units, a 8.3% increase over the previous month's net orders and 16.8% better than August 2009. August order activity sits near the monthly average of 13,000 units seen over the past six months. The figure includes US, Canada, Mexico, and exports.
Eric Starks, president of FTR, said, “August net orders for Class 8 vehicles came in about where we expected, very similar to July numbers. We didn't see any particular reason that they would be substantially different, and we believe for the balance of the year orders will continue to be received at comparable levels. Going forward, a critical point to watch is order activity in October and November, which typically sees a seasonal spike in activity. These months will set the stage for demand in 2011.”
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