Source: FTR
FTR chart details Total North American Class 8 Orders 2013-14 (US/CAN/MEX/EXP)

May truck orders: Class 8 surges, Class 5-7 plunges

June 4, 2014
Class 8 sees strongest May net-order numbers since 2006

Research/ forecasting firms FTR and ACT Research are both reporting a powerful performance by North American Class 8 net orders in May.

FTR has released preliminary data that shows those orders coming in at 25,605 units— marking a 14% year-over-year increase as well as the strongest May numbers since 2006.   

“North American Class 5-8 orders totaled 41,900 units in May,” said Kenny Vieth, ACT president & senior analyst. “Since last October, when the current period of stronger orders began, total Class 5-8 net orders have been booked at a 547,200 unit annual rate.

“Class 8 orders in May rose 4% month over month and 14% year over year,” he continued. “When seasonally adjusted, May was the strongest order month for Class 8 since February.”

On the other hand, reported Vieth, Class 5-7 “saw orders cool in May to their lowest level since last December.” Class 5-7 net orders fell 27% month over month and 10% year over year. Vieth noted that the month-over month number was “against a tough comparison, since April’s orders were the best since early 2006.”

FTR observed that Class 8 orders have now recorded 16 consecutive months with year-over-year increases. The firm stated that “backlogs remain at very high level and OEMs will continue to increase build rates in response to this growing demand.” 

Per FTR, 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,” pointed out Don Ake, FTR vp of commercial vehicles. 

“The recent order activity confirms that the market has some real strength,” he continued.  “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.”
FTR noted that its final data on May will be available later in the month as part of its North American Commercial Truck & Trailer Outlook service

Sponsored Recommendations

Reducing CSA Violations & Increasing Safety With Advanced Trailer Telematics

Keep the roads safer with advanced trailer telematics. In this whitepaper, see how you can gain insights that lead to increased safety and reduced roadside incidents—keeping drivers...

80% Fewer Towable Accidents - 10 Key Strategies

After installing grille guards on all of their Class 8 trucks, a major Midwest fleet reported they had reduced their number of towable accidents by 80% post installation – including...

Proactive Fleet Safety: A Guide to Improved Efficiency and Profitability

Each year, carriers lose around 32.6 billion vehicle hours as a result of weather-related congestion. Discover how to shift from reactive to proactive, improve efficiency, and...

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry at our April 16th webinar, where experts will share insights on competitive pay...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!