X

January truck orders ‘way beyond expectations’

Jason Cannon February 5, 2014

Class 8 truck net orders were above 30,000 for the second consecutive month in January – the first time back to back months have exceeded this mark since 2006.

“Orders were way beyond expectations,” Don Ake, FTR Vice President of Commercial Vehicles, says. “This is another great order month to kick-start 2014.”

According to FTR data, combined order activity for December-January should allow OEM’s to hit Q1 targets with possible increases in production in Q2.  January orders improved 56 percent year-over-year with an annualized rate of 347,500 units over the past three months.

“Order strength was broad-based among manufactures and countries,” Ake says. “This is a very positive signal for the industry. The strong orders are consistent with the tightening of capacity in the marketplace. Fleets and dealers continue to display confidence in the freight market.”

To-date, 2014 has been full of good news.

Earlier this week, a survey conducted by CK Commercial Vehicle Research (CKCVR) in January indicated that 62 percent of fleets who responded planned to buy new trucks by March.

In all, it’s not been the worst time to be in heavy truck sales, as Class 8 net orders closed 2013 up 17 percent from 2012 while Classes 5-7 orders rose 10 percent.

Poll

How would you categorize the state of your business 10 months into 2014?

Latest

Pete ‘show-truck-ready’ 389 now in production

TEC Equipment boss pledges $5M to local medical center

APG dual fuel engines eligible for Texas grant program

Popular

Pete ‘show-truck-ready’ 389 now in production

ATD announces nominees for Truck Dealer of the Year

Department of Commerce releases secondary determination on ‘dumping’ of Chinese trailers

Successful Dealer Award

Click here to read about the award and see the nominees for this year's award.