FTR reports preliminary North American Class 8 net orders fell in November to 34,300 units

FTR reports preliminary North American Class 8 net orders for November fell to 34,300, well off September’s 56,000-unit record. Orders may have declined over the last two months, but compared to last year’s weak results, they are showing tremendous gains. November order activity was down 20% m/m but up 254 % y/y. Class 8 orders now total 295,000 for the last 12 months.

Jonathan Starks, FTR’s chief executive officer and chief intelligence officer, commented, “Much of the year appears to have been slotted for production in 2023. That means further moderation of levels as we get into the new year. The market remains strong despite the economic uncertainties, and production still will be limited to some extent by supply chains and labor.”

Preliminary orders may be estimated and are subject to revision when FTR releases final data mid-month as part of its North American Commercial Truck & Trailer Outlook service.