Preliminary April Class 8 Orders Down 57%
May 6, 2009 10:44 AM
FTR Associates has released preliminary data showing Class 8 total net orders for all major North American OEMs totaling 7,935 units in April, down 57% from April 2008 and 9% from March 2009.
The figure includes orders for the U.S., Canada, Mexico and Exports. April 2009 orders reflect an annualized rate of 95,220 units and continue to represent a significantly depressed Class 8 retail sales environment.
“We don’t see any near term increases in Class 8 order activity because the fundamentals of the trucking industry today don’t support that,” said Eric Starks, President of FTR Associates. “FTR takes a hard look at everything likely to impact Class 8 sales, and right now that data indicates no significant improvement in new equipment demand.”
Final data for April will be available from FTR later in the month as part of its North American Commercial Truck & Trailer Outlook service.
Contact Eric Starks estarks@ftrassociates.net or 1-888-988-1699 ext. 41 for more details.
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