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FTR Reports Disappointing Preliminary Class 8 Orders for November

12.04.15


FTR has released preliminary data showing November 2015 North American Class 8 truck net orders at 16,475, 59% below a year ago and the lowest level since September 2012.  This was the weakest November order activity since 2009 and was a major disappointment, coming in significantly below expectations.  All of the OEMs, except one, experienced unusually low orders for the month.  Orders are expected to be better, but not necessarily good, the next two months.  Orders for the last 12 months are now annualized at 300,000 units.  


Click here to view the latest release and an interactive graph of the Class 8 Orders >


Don Ake, FTR Vice President of Commercial Vehicles, commented, “The November orders are very concerning. People were optimistic when orders held up well during the summer. Now we get into the peak order season and have the lowest orders of the year.  The weak orders are the reason for the recent OEM announcements regarding production cutbacks and layoffs.  Truck inventories are high and retail sales have stalled.  The industry would appear to have enough new trucks for now.  The manufacturing sector has sputtered and freight growth has slowed.  Orders should stabilize soon, but backlogs will be shrinking, necessitating larger production cuts than were previously expected.” 

Final data for November will be available from FTR later in the month as part of its North American Commercial Truck & Trailer Outlook service. To contact FTR, send an email to sales@ftrintel.com or call (888) 988-1699 ext. 1.

For more than two decades, FTR has been the thought leader in freight transportation forecasting in North America. The company’s national award-winning forecasters collect and analyze all data likely to impact freight movement, issuing consistently reliable reports for trucking, rail, and intermodal transportation, as well as providing demand analysis for commercial vehicle and railcar. FTR’s forecasting and specially designed reports have resulted in advanced planning and cost-savings for companies throughout the transportation sector.

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