FTR revealed the preliminary North American Class 8 net orders for August at 14,000 units – just above expectations and a 36% jump from July numbers.
However, the Class 8 order activity for August was still the weakest for that month since 2010 and down 35% year over year. Class 8 orders for the last twelve months have totaled 206,000 units.
“There is nothing unusual about the order numbers in August,” said Don Ake, vice-president of commercial vehicles at FTR. “We expected orders to average around 12,000 per month in the July-August period and taken as a whole, they did. There were less cancellations in August, making the month look a little better than July. July will be the lowest order month of the year, which is typical. Market conditions did not deteriorate nor improve in August.
“Fleets are now busy evaluating their truck requirements for 2017 in an uncertain freight environment. September orders should remain moderate, with October orders giving the first indication of expected market conditions for next year.”