Class 8 truck orders in June may have improved more than 90 percent year over year according to preliminary data released by FTR Associates. According to the announcement, initial net orders for all major North American OEMs are 15,667 units, a 20.5 percent jump versus May and 90.8 percent improved over June 2009.
June orders reflect an annualized rate of 188,000 units, boosting the annualized rate for the first half 2010 orders to 137,000 units. The figure includes U.S., Canada, Mexico and Exports.
“The increase in order activity is a welcome sign that the recovery for the commercial vehicle industry remains on track,” says Eric Starks, president of FTR. “With the stronger order activity, production levels in the third quarter will likely be higher than initially anticipated.”
