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FTR Reports Preliminary Orders in March Lowest Since September 2014

04.12.15


FTR has released preliminary data showing March 2015 North American Class 8 truck net orders at 24,780 units, the lowest level since September 2014. March orders reflected the first negative year-over-year comparison since January 2013. Order levels were somewhat disappointing with FTR anticipating a continued fall in order activity following seasonal trends throughout the summer months. Orders have totaled 376,000 units over the last 12 months.

The Class 8 order rate is reverting to more stable and predictable patterns with the expectation that most of the March orders will be for Q2 and Q3 deliveries. Backlogs are still high enough to support the current 2015 FTR forecast. Most OEMs experienced a noticeable drop in orders this month, however one OEM saw a respectable increase.


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


Don Ake, FTR Vice President of Commercial Vehicles, commented, “It is not surprising that orders fell to this level in March. Many fleets already had their requirements in for 2015, and there is no advantage at this point to begin ordering for next year. The market has cooled down from the torrid pace of Q4 and is trying to find its equilibrium point. We could see orders dip below 20,000 in the summer, but this will still be a great production year.”
 

Final data for March 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.

For more than two decades, FTR has been the thought leader in freight transportation forecasting in North America. The company’s national award-winning forecasters collect and analyze all data likely to impact freight movement, issuing consistently reliable reports for trucking, rail, and intermodal transportation, as well as providing demand analysis for commercial vehicle and railcar. FTR’s forecasting and specially designed reports have resulted in advanced planning and cost-savings for companies throughout the transportation sector.

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