BLOOMINGTON, Ind. — FTR Intel and ACT Research released preliminary Class 8 net orders for December today, both showing orders over 20,000 for the first and only time in 2016.
FTR totaled 21,200 units, up 10 percent over November, while ACT’s figure of 21,400 was virtually the same. Net orders for the year were only 164,000.
“Demand for Class 8 units ended 2016 on a positive note with 21,400 units booked,” said Kenny Vieth, ACT’s President and Senior Analyst. “After the streak of negative year-over-year order comparisons was snapped in November at 22 months, the year-over-year comparison turned negative again, with orders falling 24 percent from last December.”
Don Ake, vice president of Commercial Vehicles at FTR called December “another decent month that met expectations. Orders have been following stable, traditional patterns for six months now, which is great news after the large drop-off in 2016. Production was weak in December, but based on the [fourth quarter] orders, it should begin a modest recovery in February.
“The most recent economic news has been positive, so freight demand should keep orders propped up for a few more months. 2017 still looks to be a tough year, but now backlogs are growing and that means the worst should be behind us for now.”
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