American Truck Orders Reach Lowest Level in Six Years

FTR Associates’ preliminary data shows that Class 8 total net orders for all major North American OEMs fell to 6,167 units in February, the lowest order rate in over six years. The figure includes orders for the US, Canada, Mexico and for export. February orders, said FTR, declined 21 per cent from January levels and fell some 60 per cent against February 2008.

Eric Starks, president of FTR Associates, said, “we have been anticipating this slow-down in order activity for some time now and expect orders to drop to 5,000 units or below over the next several months.” (Tire Review/Akron)