FTR: Class 8 truck market 'performing at a high level'

FTR: Class 8 truck market ‘performing at a high level’

Class 8 preliminary net orders for December came in at 26,620 units.

According to FTR’s latest numbers, Class 8 preliminary net orders for December came in at 26,620 units, which was 26% below November and down 6% year-over-year. However, FTR says those comparisons fell within expectations given seasonal tendencies.

Total Class 8 orders for the previous 12 months have equaled 253,000 units, and more recent run rates are even stronger. The annualized rate over the past 6 months has been 302,000 units, and the three-month annualized rate is 362,000 units. OEMs are still able to fill build slots at a healthy rate, FTR said.

“Despite the slight year-over-year decrease in orders in December, the market is still performing at a high level historically,” said Eric Starks, FTR’s chairman of the board. “Even as the freight markets have been weak for an extended period, fleets are still ordering equipment. Order levels were above the historical average but continue to follow seasonal trends, reinforcing our expectations for replacement demand in 2024.”

You May Also Like

Freightliner produces one millionth Cascadia

Introduced in 2007, the Freightliner Cascadia has seen a number of iterations and improvements on the road to 1 million trucks.


Freightliner celebrated a milestone with the production of the 1 millionth Freightliner Cascadia—which Daimler Truck North America says is the first Class 8 truck in North America to reach the seven-figure mark.

DTNA says the Cascadia started as an idea to develop a truck with new aerodynamic, lightweight, and uptime-improving features has since evolved through four generations of the platform. Since its original introduction, DTNA says the Cascadia has improved its fuel efficiency by more than 35%.

NACFE: natural gas can reduce GHG emissions

Natural gas may help cut trucking industry emissions, according to NACFE, but you need to weigh your options before making the switch.

Fontaine Specialized announces Magnitude 75 lowbed

The Magnitude 75 comes in three distinct deck options: flat (MFLD), drop side rail (MDSR), and beam (MBMD).

Peninsula Truck Lines gets awards for customer service

The company received the highest Net Promoter Score at 84.8%. The average score of carriers in the study was 44.8%.

Vipar Heavy Duty hires new director of business for Latin America

Cinthya Rivera has more than seven years of experience in sales and market development, primarily in the commercial vehicle industry.


Other Posts

Commercial tire market cautiously recovering from 2023 challenges

To better understand commercial tire expectations for the remainder of the year, we spolke with Pierluigi Cumo, VP of B2B products at Michelin North America.

More women, younger generations buying trucks

Understanding who is buying trucks, where they’re looking and what they’re looking for is crucial when it comes to marketing your vehicles.

FTR: Diesel cost spikes as TCI falls in February

With a nearly 4 point fall, FTR says a spike in diesel prices is mainly to blame for the deterioration in market conditions for carriers.

Vipar Heavy Duty adds West Virginia Spring & Radiator

The company, based in Nitro, W.V., has been in business for more than 30 years.