Class 8 net orders increase for fourth month in a row
Oct 9, 2009 12:49 PM
FTR Associates has released preliminary data showing Class 8 net orders for all major North American OEMs totaled 10,817 units in September 2009—the fourth consecutive month that orders have shown a month-over-month increase.
Year-to-date orders through September are 5.2% ahead of the same period in 2008, reflecting the first year-over-year increase since June 2008. The figure includes orders for the United States, Canada, Mexico, and exports. Order activity for September represents an annualized rate of 129,804.
Eric Starks, president of FTR, said, “FTR still believes that any increases we are seeing now are partially driven by abnormal industry activity ahead of 2010 EPA emissions mandate. The data we track does not support any significant purchasing activity driven by increased freight demand any time soon. We continue to advise our clients to expect a continued soft recovery at least through 2010.”
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