Class 8 Orders for July Fall Below 10,000 Units for First Time Since 2010
Fleets continue to take a wait and see approach to 2020 equipment
FTR reports preliminary
North American Class 8 orders for July were 9,800 units, falling below a
10,000-unit threshold that has not been breached since 2010. Despite most
order boards being opened for 2020 build slots, carriers appear in no rush to
grab production capacity. July orders were 24% below an already soft June
with a -82% y/y comparison. Class 8 orders for the past 12 months have now
fallen to a total of 288,000 units.
Jonathan Starks, FTR chief intelligence officer commented
“Fleets continue to take a wait and see approach to 2020 equipment.
Potentially higher equipment costs, uncertain demand, and enough available
capacity in the market are keeping order activity at bay.”
Category: Featured, General Update, News
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