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Sunday, July 21, 2024

Class 8 Orders Remain Low


FTR reported preliminary orders of 16,400 units, marking the fourth consecutive month that orders have been below the 20,000-unit mark. FTR had April’s orders 5% higher than March. It reports Class 8 orders for the past 12 months now total 380,000 units.

“Near-term build slots are becoming available as fleets rearrange orders based on current needs,” said Don Ake, FTR vice-president, commercial vehicles. “There still is limited cancellation activity, as fleets do not want to give up build slots they may need at a later date. They remember what happened last year when they needed trucks, but could not get enough of them.”