
Class 8 truck orders are expected to be strong again in February, beating expectations for the second month in a row, according to preliminary numbers from ACT Research and FTR. February Class 8 truck orders are projected to hit 22,900 units for the month, according to FTR, up 5% compared to January and 28% year-over-year. The strong activity for the month continues a trend that began in November, showing that the market has continued to gain steam.
Key Takeaways:
- February Class 8 truck orders are projected to hit 22,900 units for the month, according to FTR, up 5% compared to January and 28% year-over-year.
- Orders have increased for four straight months, indicating the market is making a solid recovery after the second-half slump in 2016
- Medium-duty Class 5-7 truck orders are expected to be nearly identical to January’s numbers at 22,700 units, according to ACT Research.
“Class 8 truck orders are expected to be strong again in February, beating expectations for the second month in a row, according to preliminary numbers from ACT Research and FTR.”