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FTR Reports Preliminary North American Class 8 Net Orders for June Rebound to 15,500 Units

07.02.20 | FTR



FTR reports preliminary North American Class 8 net orders rebounded in June to 15,500 units, up 130% from May, as well as, up y/y by 20%. Class 8 net orders for the last twelve months now total 158,000 units.
 
Fleets’ confidence is improving gradually, as the economy and freight markets recover from the pandemic-related restrictions. The June order volume may not be sustainable in July, however, because some of the larger fleet orders may be difficult to replicate in the short term. Order volume should exceed the 10,000-unit mark throughout the summer as freight volumes continue to improve.

Click here to view the latest release and an interactive graph of the Class 8 Truck Orders >


Don Ake, vice president commercial vehicles, commented, “June’s order activity is good news, after last month’s disappointing number. We expected orders to average around 10,000 units for a few months, and now they have averaged 11,000 for the past two months. The Class 8 market is on the slow, steady recovery that matches our forecast. It is also encouraging that fleets are showing enough confidence in the economy to begin placing some viable orders. The trend should continue, but a significant increase is not expected until October when the big fleets begin placing orders for 2021 delivery.
 
“The great thing about the order improvement in June is that it should permit OEMs to continue to produce at a steady, but still reduced rate, for a couple of months. However, some of the OEMs need higher order volumes in July to keep the industry moving out of the mire caused by the virus.”

Final data for June will be available from FTR later in the month as part of its North American Commercial Truck & Trailer Outlook service.
 

To contact FTR, send an email to [email protected] or call (888) 988-1699 ext. 1 and follow us on Twitter @FTRintel.

The full Class 8 Truck data is available as part of FTR's North American Truck & Trailer Outlook service.


Click here to view a sample report >


About FTR
For more than 30 years, FTR has served as the industry leader in freight transportation forecasting for the shipping, trucking, rail, intermodal, equipment, and financial communities in North America. FTR’s experts, with over 250 years of combined experience in the transportation industry, provide quantitative analysis with historical and modal-specific insights. FTR’s reports, data, commentary, and insights help clients evaluate market risks, identify new opportunities, and make informed decisions.
 
FTR is the only company with a complete set of freight data for all modes of transportation with detail at the 3 Digit STCC commodity level. FTR tracks and forecasts 200+ unique commodity groups both quarterly and annually using their proprietary Freight•cast U.S. freight transportation model. FTR’s Transportation Conference held annually in September in Indianapolis is a unique event bringing together every aspect of the freight transportation world into one place. For more information www.FTRconference.com