Class 8 Orders Still Look Strong in February

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.”

http://www.truckinginfo.com/channel/fleet-management/news/story/2017/03/class-8-orders-still-look-strong-in-february.aspx