Class 8 orders continued to fall in September, according to data tracked by ACT Research and FTR, though orders for Class 5-6 medium-duty units continues to remain steady.
ACT said 13,900 Class 8 vehicle net orders dipped to 13,900 units in September, some 28% below order intake during the same month in 2015, noted Steve Tam, the firm’s vice president, in a statement.
“It remains crystal clear that truckers are still struggling to balance excess freight hauling capacity in the context of anemic freight growth,” he said.
Don Ake, FTR’s vice president of commercial vehicles, said his company’s data indicates Class 8 orders fell to 13,800 units in September – some 2% lower versus August this year.
However, he noted in a statement that “this was the worst month of September since 2009” and that Class 8 order volume over the last 12 month now totals 201,000 units.
“The truck market continued to stay weak through September, but this was highly expected considering the slower industry conditions and overall seasonal trends,” Ake said. “Fleets are cautious due to an uncertain economy and slow freight growth.”