NASHVILLE, Ind. — June Class 8 truck total net orders for North American OEM’s came in at 15,667 units, a 20.5 percent increase over the previous month’s net orders, according to preliminary data from the market analysts at FTR Associates. The order volume is 90.8 percent better than June 2009.
June orders reflect an annualized rate of 188,000 units, boosting the annualized rate for the first half 2010 orders to 137,000 units. FTR’s figure includes U.S., Canada, Mexico and exports.
“The increase in order activity is a welcome sign that the recovery for the commercial vehicle industry remains on track,” said Eric Starks, president of FTR. “With the stronger order activity, production levels in the third quarter will likely be higher than initially anticipated.”
Final data for June will be available from FTR later in the month.
Looking down the road, FTR says that although recent economic data suggests U.S. economic recovery is likely on track, risks do exist.
In their June N.A. Commercial Truck and Trailer Outlook, FTR discusses the possibility that Europe’s continued economic challenges along with the recent U.S. stock market decline and high U.S. unemployment pose real risks to the recovery.
FTR’s vehicle forecasts for 2010 included in the outlook remain conservative with only slight increases for projected annual Class 8 demand driven by increased order activity. “We did raise our forecast marginally to reflect the current order activity,” Starks said. “However, we do continue to be conservative because we look at a big picture which tells us that there are real risks to too much optimism.”
FTR Associates has been in transportation forecasting 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 more than 200 commodity groups. FTR Associates’ forecasts cover trucking and rail transportation and include demand analysis for commercial vehicle as well as railcar. For more information about the work of FTR Associates, visit www.ftrassociates.com.
Kevin Jones of The Trucker staff can be reached for comment at email@example.com.
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