FTR: North American Class 8 net orders fell 37% M/M in April

FTR: North American Class 8 net orders fell 37% M/M in April

The weak order level in April is not a major surprise, although it is happening earlier in the year than typically expected.

FTR reports that preliminary North American Class 8 net orders fell in April for the sixth time in the last seven months, coming in at 12,050 units. Order activity was down 37% month-over-month and 20% year-over-year. Class 8 orders have totaled 298,500 for the previous 12 months.

FTR says that the weak order level in April is not a major surprise, although it is happening earlier in the year than typically expected. The slowdown in orders is not a direct indication of the level of demand but rather is because build slots are filled for 2023. Reduced order levels will continue through the seasonally weak summer order period.

“When 2024 order boards open later this year, we anticipate some modest additional strength in order activity. There still are indications that fleets are requesting equipment, and there has been no notable uptick in cancellations,” said Eric Starks, chairman of the board at FTR. “Once we see the full data mid-month we will have a better grasp on any changes in cancellation behavior.

“With build strong over the last several months, backlogs will have come down during April,” Starks added. “The incoming order rate for March was 145,000 annualized, which is on par with the weak order levels during the summer of 2022. Despite the weakness, we do not anticipate much, if any, negative impact on production levels over the next few quarters.”

You May Also Like

From the Show Floor: Timely decisions on trucking decarbonization

ACT Expo is back, and we’re covering it for you. Let’s kick things off with new technologies and new regulations.

Cummins-EP-1-2024-ACT-Expo-From-the-Show-Floor-truck-hydrogen-natural-gas-engine-x15n

The future is here, and regulations are near. If there were a theme to this year's Advanced Clean Transportation (ACT) Expo, it would be sustainable choices fleets can make now. Companies are determining how they’ll now shift to meet regulations from CARB or EPA—and the technology on display at ACT Expo may be key for some of them looking to stay ahead of the curve.

Truck OEM execs gather to talk electrification

An EV roundtable brought competitors from across the industry together to discuss their common decarbonization goals.

Mack adds LR Electric side loader adoption; achieves CARB/HVIP eligibility; talks EVs at ACT Expo

Mack Trucks now offers the ability to integrate the Heil fully electric RevAMP Automated Side Loader (ASL) with its Mack LR Electric Class 8 battery-electric vehicle (BEV) as an option through Heil Environment, which upfits and sells the body.  Related Articles – WEX At-Home, En Route charging reimbursement available across US – Penske, Daimler Truck

Lion Electric unveils new Class 8 truck

The company expects the Lion8 Tractor to be commercially available in the middle of this year.

Lion-Electric
Kenworth unveils SuperTruck 2

Kenworth’s SuperTruck 2 utilizes a PACCAR MX-11 engine, rated at 440 HP, driven through a PACCAR TX-12 automated transmission.

Kenworth-Supertruck-2

Other Posts

Volvo pulls the curtain on autonomous truck

The autonomous truck is built on the foundation of the new VNL and made in partnership with Aurora.

volvo-autonomous
Tesla talks Semi: ‘Now is the time to scale’

We now have an official answer to the question: What’s up with the Tesla Semi?

Tesla-Semi-1400
Volvo on Demand battery electric truck adoption program launches

Volvo Trucks North America (VTNA) launched Volvo on Demand, a Truck-as-a-Service (TaaS) business model focused on battery electric trucks in collaboration with Volvo Financial Services (VFS). Volvo says Volvo on Demand was designed as a solution to simplify the acquisition and reduce the major upfront investment in battery-electric vehicles. Volvo on Demand provides qualified customers

Hino, Hexagon Purus launch Tern zero-emission truck brand, RC8 Class 8 truck

Hino Trucks and Hexagon Purus announced the launch of Tern, a new zero-emission truck brand along with their inaugural truck model, the RC8, a battery electric Class 8 tractor. Related Articles – New North American zero-emission commercial truck brand ZM Trucks debuts at ACT Expo – Zeem Solutions to develop Long Beach electric charging site