North America’s Class 8 truck net orders in March totaled 21,817 units, dropping 4 percent compared to the previous month, but increasing 11 percent year-over-year, according to FTR Associates’ preliminary data.
“The March orders came in above 21,000 units, which is a good sign for the near-term,” said Eric Starks, FTR’s president, in a written statement. “We didn’t expect orders to fall from recent levels, however, it is good to see actual data suggesting the market has stabilized with more upside potential for the second half of the year.”
“The next few months’ orders will be critical in understanding the demand pressure as move into the summer,” Starks continued. “If orders come in nearer to 25,000 units for the next three months, it would make us feel more comfortable about moving our forecast higher for the second half of the year.”