Class 8 Orders 'very weak' for July, FTR reports

July orders came in 23 percent below weak June activity and continue to reflect soft demand for Class 8 vehicles, FTR noted.

The Trucker News Services

8/3/2012

NASHVILLE, Ind. — July Class 8 truck net orders came in at 12,568 units, the lowest month for orders since August 2010 and 32 percent below the same month last year, according to preliminary data from FTR Associates.

Preliminary order numbers are for all major North American OEMs.

July orders came in 23 percent below weak June activity and continue to reflect soft demand for Class 8 vehicles, FTR noted. 

For the three-month period including July, orders now annualize to 186,300 units. 

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“While orders came in below expectations, they didn't really surprise us,” FTR President Eric Starks said. “We have been forecasting slower sales of Class 8 vehicles in the second half of 2012 for some time, and the reported order numbers for July support our current outlook for the remainder of the year.” 

Final data for July will be available from FTR later in the month as part of its North American Commercial Truck & Trailer Outlook service.

FTR Associates has been a leader in transportation forecasting for over 20 years. 

Kevin Jones of The Trucker staff can be reached for comment at kevinj@thetrucker.com.

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