Trucking News Online

April’s Class 8 Orders Up 6% Over March

May 7, 2013 By: Steve Mitchell Tags: Fleet Management, News
Used Truck Volumes Up for a Second Consecutive Month Used Truck Volumes Up for a Second Consecutive Month
Net orders for Class 8 trucks in April show a preliminary total of 23,025, according to a report released this week by FTR Associates, a number that is 6 percent above those released last month.
The data shows orders for new Class 8 trucks have been more than 20,000 for each of five consecutive months, with orders in April up 37 percent over the same period a year ago.
Despite small numbers in March, the last three months totals annualize to 270,400 trucks for all North American original equipment manufacturers (OEMs).
Jonathan Starks, FTR’s director of transportation analysis said, “Orders continue to remain at a healthy level, coming in at the high end of our expectations. This bodes well for a continuation of the modest growth in equipment sales during 2013.
“Despite this, our optimism is tempered by the weakness seen in much of the economic data over the last month and by our discussions with fleets. There is no desire to add equipment in the near-term and merely replacing equipment doesn’t create additional equipment demand beyond our current expectations.”
FTR will release final data for April later in the month as part of its North American Commercial Truck & Trailer Outlook service.