FTR announced preliminary North American Class 8 net orders for October at 35,700 units, a m/m increase of 62% versus September and 167% above a year ago. Order volume for October met FTR’s expectations for the market’s early fall buying season.
The growth was not uniform across all OEM’s but nearly every manufacturer saw a m/m increase. North American Class 8 orders for the past 12 months have now totaled 261,500 units.
Jonathan Starks, chief operating officer at FTR, said: “Class 8 orders surged in October. The market seems well situated for a strong production environment to persist into 2018. FTR has been anticipating a strong 2017 fall order season since early this year. The market continues to follow our expectations and highlights that the market fundamentals remain solid as we approach 2018.”