Preliminary Class 8 orders excel in October
Nov 14, 2012 9:51 AM
FTR Associates has released preliminary data showing Class 8 truck net orders for October 2012 at 22,760—50% higher than the previous month and much improved over third quarter averages.
October orders were the highest since January and boost the annualized rate for the past three months to 216,000 units compared with a three-month annualized rate of 174,400 units at the end of September. Preliminary order numbers are for all major North American OEMs.
Eric Starks, FTR’s president, said, “October net orders certainly came in at the high side of expectations and is the first month since very early in the year with good positive numbers. We do, however, caution that the high October orders were primarily driven by activity at one OEM. Before this order activity can be sustained, we need to see a more industrywide rising tide.”
Final data for October will be available from FTR later in November as part of its North American Commercial Truck & Trailer Outlook service. Contact FTR Associates at firstname.lastname@example.org or 888-988-1699 ext 1 for more details.
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