Preliminary North American Class 8 Net Orders at 28,300 Units in October
FTR reported that preliminary North American Class 8 net orders in October totaled 28,300 units, marking a 14% month-over-month (m/m) decline but a 2% year-over-year (y/y) increase. This figure falls somewhat short of seasonal expectations as the average October order level over the last seven years is 33,940 units. Given the continued stagnation in the truck freight market, this is a healthy order number, but it suggests that some fleets are being cautious as they order new trucks for 2025. Orders in October typically increase slightly from the prior month.
Year-to-date (YTD) performance remains at replacement demand levels with an average of 21,211 net orders per month. 2024 YTD net orders in October were up 11% y/y. North American Class 8 orders have now totaled 274,174 units for the last 12 months.
