FTR: Truck orders up in June

FTR Associates has released preliminary data showing June Class 8 truck total net orders for all major North American original equipment manufacturers at 15,667 units, a 20.5 percent increase over May and 90.8 percent better than June 2009.

June orders reflect an annualized rate of 188,000 units, boosting the annualized rate for the first half 2010 orders to 137,000 units. The figure includes U.S., Canada, Mexico and Exports.

FTR President Eric Starks said, “The increase in order activity is a welcome sign that the recovery for the commercial vehicle industry remains on track. With the stronger order activity, production levels in the third quarter will likely be higher than initially anticipated.”