Class 8 Truck Orders

By Thomas 15 Dec, 2020

North american class 8 orders took another plunge in. Class 8 truck orders in july reached 20,000 for the first time in six months as growing freight demand created a need for more equipment despite economic uncertainty over the coronavirus pandemic.

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Ftr reported net orders soared to 40,100 units, the first time orders surpassed 40,000 since october 2018.

Class 8 truck orders. Consumer goods demand supported higher freight rates and trucking profits, resulting in robust equipment orders. May orders for class 8 trucks, while up significantly from the dismal april levels, were still down nearly 40% compared to last year, according to preliminary figures from act research and ftr. But during the transportation recession, paccar (peterbilt and kenworth), navistar international, daimler (freightliner and western star), and volvo group (mack trucks and volvo trucks) and their suppliers.

This is the first 40,000+ unit month for class 8 orders since october of 2018, adding to the already increased order activity from september. The orders are being driven by fleets looking to secure 2021 deliveries, as. Ftr reports that preliminary north american class 8 orders for february remained subdued for the second consecutive months at 16,700 units, up […]

Orders of new class 8 trucks tumbled to their lowest annual level in a decade in 2019 as a softening economy and a booking frenzy in 2018 combined to clobber orders. Ftr reports preliminary north american class 8 net orders rebounded in july to 20,000 units, up 28% from june, and double the orders placed in july 2019. A major driver of this growth is the booming u.s.

Ftr reports preliminary north american class 8 net orders soared in october to 40,100 units. And economic activity translates to growth in the manufacturing. Class 8 orders for the past twelve months now stand at 215,000 units.

Order backlog still feeds truck makers, but they don’t disclose for how long. Workers install parts on a truck engine at a mack trucks assembly facility in macungie, pa. Numbers were up 3% from july and 90% from last august.

Class 8 orders have totaled 170,000 units over the past 12 months, according to ftr. The last time class 8 orders fell below 10,000 was during the great recession. Backlog, build, inventory, new orders, cancellations, net orders retail sales.

“that order volume represents an improvement of 6% from september and an 84% uptick compared to last year,” say act officials. Preliminary orders of class 8 trucks jumped 27% from september to october and are up nearly 80% versus one year ago, according to act research. Class 8 net orders for the last 12 months now total 158,000 units.

The last time class 8 orders fell below 10,000 was during the great recession. Preliminary class 8 truck orders in north america topped 40,000 in october for the first time in two years. Preliminary data from ftr showed orders up 26% from september and 88% from last october.

Advertisementclick here to read moreadvertisement according to the numbers from act research co. Ftr says orders are being driven by large fleets keeping up with their replacement cycles, with a few orders geared towards expansion. Workers install parts on a truck engine at a mack trucks assembly facility in macungie, pa.

Class 8 net orders for the last 12 months. Orders were up 26% m/m and up 83% y/y.

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