Class 8 truck orders increase in September

Truck Lot OdSeptember Class 8 truck total net orders for all major North American manufacturers increased 21.6 percent over August and was 38.8 percent higher than a year earlier, said FTR Associates. The preliminary total was 14,872 units.

Net order activity for the six-month period including September measures 163,100 units on an annual basis.  The figure includes U.S., Canada, Mexico and exports.
 
“Net orders for September came in about where we expected, and while better than August, aren’t indicative of any significant shift in fleet buying plans that would result in strong growth next year,” said FTR President Eric Starks. “We’ll closely watch the next two months because they are typically the strongest in the seasonal cycle. If orders don’t come in at close to 20,000 in October and higher in November, that will be evidence in our view that many fleets will continue to sit on the sidelines until they are more comfortable of a sustained economic recovery.”


The Business Manual for Owner-Operators
Overdrive editors and ATBS present the industry’s best manual for prospective and committed owner-operators. You’ll find exceptional depth on many issues in the 2021 edition of Partners in Business.
Download
Partners in Business Issue Cover