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Wednesday, February 1, 2023

Class 8 Orders Surge in October

 

 

North American Class 8 net orders for October were at 35,700 units, which is a month-over-month increase of 62% versus September and 167% above a year ago, according to FTR Intel. Order volume for October met FTR’s expectations of a very strong order month. North American Class 8 orders for the past twelve months have totalled 261,500 units.

Jonathan Starks, Chief Operating Officer at FTR, commented, “Class 8 orders surged in October. Once again, orders have been coming in spot-on with our expectations as the market now hits the fall order season. The market seems well situated for a strong production environment to persist into 2018.”

“FTR has been anticipating a strong fall order season since early this year. The market continues to follow our expectations and highlights that market fundamentals remain solid as we approach 2018. Hurricanes Harvey and Irma merely exacerbated an already tight truck market so the strong order activity in October was no surprise to us.”