FTR released preliminary Class 8 net orders for June at 17,600 units, a month-over-month improvement of 7% and 38% better than a year ago.
Class 8 orders had surprisingly retreated in May, but June’s bounceback activity is more in line with expectations. It is assumed that most of the June orders are for Q4 delivery, enabling the OEMs to maintain their current build rates throughout the year. This would result in full-year numbers in line with FTR’s 2017 forecast.
The Class 8 market continues to perform at a steady pace and is consistent with summer’s seasonal trends. Total orders for the past twelve months have totaled 216,000 units.
“The June orders confirm that the market just took a brief respite in May after several stronger-than-expected months,” said Don Ake, Vice President of Commercial Vehicles at FTR. “The orders are right where we expect them to be and on track with our forecast. The fact that orders are up 38% over last year proves the market is much improved this year.
“Fleets are ordering to fill out their remaining requirements for the second half of the year. However, it is still good news that orders rose and did not drop significantly from May. This shows the market is steady, stable and primed for a strong year in 2018.”
Final data for June 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.