FTR has released preliminary data showing May 2014 North American Class 8 truck net orders at 25,605 units, a 14% year-over-year increase and the strongest May since 2006. The company also reported that Class 8 orders have now had 16 consecutive months with year-over-year increases.
Class 8 orders for the latest six month period through May annualize to 343,000 units.
“The positive performance of Class 8 orders in May met our expectations with the volume right in line with our forecast. The recent order activity confirms that the market has some real strength,” said Don Ake, FTR vice president of commercial vehicles. “We do expect Class 8 orders to slow down in the summer as generally is the case, but they will remain above last year’s levels.”
