Truck orders at best levels in 8 years
Preliminary data shows March 2014 was another strong month for net truck order activity.
According to FTR March 2014 Class 8 truck net orders were 27,139, the fourth consecutive month of solid order activity. December 2013 through March 2014 is the best four-month period since 2006, the agency says.
“This is a great order total for the month of March,” Don Ake, FTR Vice President of Commercial Vehicles, says. “The market is maintaining strength and confirms we are in a solid growth cycle. OEM’s are expected to increase build rates in response to their growing backlog.”
The past 14 months have each shown a year-over-year improvement with totals for Q1 2014 35 percent above Q1 2013. The last six months of Class 8 order activity annualize to 337,000 units as orders continue to meet positive expectations.