What to expect from the truck market in the second half of 2024

What to expect from the truck market in the second half of 2024

Truck orders have been solid so far in 2024, according to FTR, but what does the latter half of the year have in store?

It’s been a wild ride in the 2020s for the commercial truck market (and, frankly, everything else). The extreme ups and downs seem to have settled down, so where does that leave us?

So far, orders have been solid in 2024. FTR’s latest reporting says that OEMs continue to fill build slots at a healthy rate, with Class 8 orders for the past 12 months totaling 267,700 units.

Looming over all of this is the forthcoming GHG regulations in 2027, which is bound to have a significant impact on the market.

Joining me on On the Road today to talk about that and what we can expect from the truck market in the second half of this year is Eric Starks, FTR’s chairman of the board. Watch the video above for more.

You May Also Like

The hidden threats to light-duty gasoline engine life, performance

How engine deposits impact gas engines, and what you can do about it.

valvoline-restore-and-protect-unscripted-1400

The temperature inside a combustion chamber of a gasoline engine is anywhere from 265° and 475°. If you think that's hot, that's actually a lower temperature thanks to the cooling system and lubrication system. That's right, even engine oil plays a role in dissipating heat within the engine. Yet, there are forces working against those systems to increase engine temperatures and reduce life and engine performance.

The role of AI in truck technology

If I’m a fleet manager, I may be wondering what the bottom line is when it comes to AI. Can this technology help me?

What does the electrified future mean for transmissions?

Battery electric trucks certainly don’t have the 18-speed transmissions we’re used to. Forget the switch from manual to automated manual—this is a much bigger change.

eaton-noregon-1400
The next steps for autonomous trucks

What’s next for autonomous trucks, and where do we stand?

on-the-road-autonomous
What trucking execs said at ACT Expo; plus the biggest news from the show

Our ACT recap includes speeches from Volvo’s Roger Alm, Tesla’s Dan Priestley, and more.

act-recap-1400
Other Posts
FTR’s Shippers Conditions Index rises to 3.0 in April

The company predicts some rating deterioration in the months ahead, but doesn’t expect the SCI to dip into the negatives.

FTR-April-24-Shippers-Condition-Index
Class 8 truck preliminary orders fall in June

While down both m/m and y/y, FTR said order levels are in line with historical averages and seasonal expectations.

FTR-June-24-Prelim-Class-8-orders
ACT Research notes significant drop in U.S. trailer orders for May

May net trailer orders fell about 46% y/y, while ytd net order activity is down 25% from the same period in 2023.

ACT-net-trailer-orders-down-may-24
Used Class 8 truck sales drop 1.5% amid weaker freight market

In addition to the slight drop in m/m sales, ACT noted a 15% drop in used Class 8 pricing, y/y.

Used-Cl8-Retail-Summary-Heat-Map-May-2024