Preliminary Net Class 8 Orders Up 85% in May
Jun 6, 2011 12:07 PM
FTR Associates has released preliminary data showing May Class 8 truck total net orders for all major North American OEMs at 24,063, an 85% increase over May 2010 but a 37% decrease from the historically high 37,922 units reported in April.
Orders received in the past six months annualize to 337,600, significantly above the same period a year ago.
“It was expected that orders would fall off from the almost 40,000-unit demand last month, and we saw that in the numbers reported to us,” said Eric Starks, President of FTR. “Order intake during the May to September time period typically slows as a majority of fleets generally place their orders for the current year in prior months. May’s decline in orders will have little near-term impact as the OEs already have sufficient orders in hand to fill their current production capacity.”
Final data for May will be available from FTR later in the month as part of its North American Commercial Truck & Trailer Outlook service. Contact FTR Associates at ftr@ftrassociates.com or 1-888-988-1699 ext 1 for more details.
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