FTR Reports Preliminary Net Order Activity Strength

FTR Associates has released preliminary data showing January Class 8 truck total net orders for all major North American OEM’s at 27,009 units, a one percent increase over Dec. 2010.

This is an improvement of 6,400 units from one year earlier and is an increase of 324 percent from Jan. 2010. According to FTR, net order activity annualizes to 251,900 units over the last six months, including United States, Canada and Mexico exports.

“Orders for January came in above expectations. We had anticipated that they would be close to 25,000 units. The continued strong order activity in January adds more fuel to the recovery in the commercial vehicle equipment sector,” says FTR President Eric Starks. “With the recent sustained higher levels of order activity, 2011 is shaping up to be a very good year especially relative to where we were in 2009.”

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