Total Class 8 truck orders for 2014 equaled 375,000 units, the second-highest order year in history behind the first quarter of 2006, according to FTR Associates.
Preliminary December Class 8 truck net orders were 43,620, the third consecutive month above the 40,000 level.
December’s order strength, unlike the previous two months, was broad based among OEMs, with almost all manufacturers showing healthy increases from the previous month, indicating an overall vibrant truck market.
Said Don Ake, FTR Vice President of Commercial Vehicles, “The market momentum is now feeding on itself, with orders once again exceeding expectations in December. Reports are that more than 75% of the larger fleets have their 2015 orders booked. One OEM reportedly has lead times for volume orders out to July. With build slots at a premium, fleets have accelerated orders for 2015 requirements to reserve their places for future deliveries. Some of these orders will inevitably be moved out or even cancelled, but for now, the industry is very bullish on the 2015 truck market.”
Final data for December 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.