FTR Associates has released preliminary data showing November Class 8 truck net orders at 19,683 units, 14 percent below October and down 3 percent year-over-year. However, November was still the second highest month for orders since March and annualize to 236,200 units. Preliminary order numbers are for all major North American OEMs.
Jon Starks, FTR's Director of Transportation Analysis, commented, "Order activity slowed in November, which is not normal for this time of the year. However, the current order levels reaffirm our forecast for next year, which has been at the low end of other industry forecasts. We have been forecasting a sub-240,000 unit production year for 2013 since June of this year and it appears that the market is confirming what we were seeing back then in late Spring. There is no big push to get year-end delivery prior to the depreciation expiration on December 31. We need to see stronger orders to finish the year and start 2013 if we want to get more bullish on the market."
Final data for November will be available from FTR later in the month as part of its North American Commercial Truck & Trailer Outlook service. Contact FTR Associates at email@example.com or 1-888-988-1699 ext 1 for more details.
FTR Associates is the industry leader in freight transportation forecasting. Currently our principal source of business is forecasting U.S. freight by mode of transportation, NAFTA commercial...
December Class 8 truck total net orders for major N.A. OEMs reached the second highest level in three years.
June Class 8 truck net orders were at 16,195 units, the lowest month for orders since September 2010.
The American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index increased 2.7 percent in November, after falling 1.9 percent in October.