NASHVILLE, Ind. — March Class 8 truck total net orders for all major North American OEM’s came in at 10,505 units, 35.9 percent higher than February and 21.1 percent above March 2009, according to preliminary data reported by FTR Associates.
While the March preliminary numbers are the highest yet for 2010, the annualized order rate over the past 3 months is still below 100,000 units, ATR noted.
The figure includes U.S., Canada, Mexico and exports.
“Each month in 2010, we have seen an improvement in orders for Class 8 vehicles, which is certainly encouraging,” said FTR President Eric Starks. “However we have not changed our overall outlook for 2010. We believe the combination of excess capacity and the impact of the EPA [truck emissions] mandate will hold Class 8 equipment demand this year essentially flat compared to 2009.”
FTR Associates has been providing transportation forecasts for more than 20 years. The company’s U.S. Freight Model collects and analyzes all data likely to impact freight movement and is based on specific characteristics for over 200 commodity groups. FTR Associates’ forecast reports cover trucking and rail transportation and include demand analysis for commercial vehicle as well as railcar.
Kevin Jones of The Trucker staff can be reached for comment at email@example.com.
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