FTR Reports Preliminary Class 8 Orders Very Weak for July
Nashville, IN (August 2, 2012) FTR Associates has released preliminary data showing July Class 8 truck net orders at 12,568 units, the lowest month for orders since August 2010 and 32% below the same month last year. Preliminary order numbers are for all major North American OEMs. July orders came in 23% below weak June activity and continue reflecting soft demand for Class 8 vehicles. For the three-month period including July, orders now annualize to 186,300 units.
Eric Starks, FTR’s President commented “While orders came in below expectations, they didn't really surprise us. We have been forecasting slower sales of Class 8 vehicles in the second half of 2012 for some time, and the reported order numbers for July support our current outlook for the remainder of the year.”
Final data for July will be available from FTR later in the month as part of its North American Commercial Truck & Trailer Outlook service. Contact FTR Associates at ftr@ftrassociates.com or 1-888-988-1699 ext 1 for more details.
FTR Associates, located in Nashville, IN, has been a leader in transportation forecasting for over 20 years. The company’s U.S. Freight Model collects and analyzes all data likely to impact freight movement and is based on specific characteristics for over 200 commodity groups. FTR Associates’ forecast reports cover trucking and rail transportation and include demand analysis for commercial vehicle as well as railcar. Specially designed reports are offered to participants in both industries to cover specific needs. For more information about the work of FTR Associates, visit www.ftrassociates.com or call Helen Lile at 888-988-1699 Ext. 45.
Eric Starks, FTR’s President commented “While orders came in below expectations, they didn't really surprise us. We have been forecasting slower sales of Class 8 vehicles in the second half of 2012 for some time, and the reported order numbers for July support our current outlook for the remainder of the year.”
Final data for July will be available from FTR later in the month as part of its North American Commercial Truck & Trailer Outlook service. Contact FTR Associates at ftr@ftrassociates.com or 1-888-988-1699 ext 1 for more details.
FTR Associates, located in Nashville, IN, has been a leader in transportation forecasting for over 20 years. The company’s U.S. Freight Model collects and analyzes all data likely to impact freight movement and is based on specific characteristics for over 200 commodity groups. FTR Associates’ forecast reports cover trucking and rail transportation and include demand analysis for commercial vehicle as well as railcar. Specially designed reports are offered to participants in both industries to cover specific needs. For more information about the work of FTR Associates, visit www.ftrassociates.com or call Helen Lile at 888-988-1699 Ext. 45.