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Preliminary Class 8 truck net orders up 6% over last year

"This is the highest number of orders in the month of November since 2010 [and is] continuing to show a solid year-over-year increase,” said Don Ake, FTR Vice President, Commercial Vehicles.

The Trucker News Services

12/4/2013

Preliminary November Class 8 truck net orders are at 20,915 units — the second consecutive month above the 20,000-unit threshold, says a report by FTR Associates.

That’s a 6 percent increase over a year ago but a 19 percent decrease from October.

"This is the highest number of orders in the month of November since 2010 [and is] continuing to show a solid year-over-year increase,” said Don Ake, FTR Vice President, Commercial Vehicles.

“However,” he noted, “they are not sufficient to indicate a strong beginning to 2014. Order activity was below our expectations and needs to be stronger in December to fill up first-quarter build slots.  The market continues to grow, but slowly.  The three-month average is consistent with our 2014 forecast."

Orders for the three-month period including November annualize to 266,600 units.

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

The Trucker staff can be reached to comment on this article at editor@thetrucker.com.

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