FTR reports preliminary North American Class 8 net orders for January at 26,400 units

FTR reported that Class 8 preliminary net orders for January came in at 26,400 units, up 2% from December and up 35% y/y.

Total Class 8 orders over the past three months are running at an annualized rate of 354,000 units. The annualized rate over the past six months has been 327,000 units. Orders for the previous 12 months equaled 259,000 units.

Eric Starks, chairman of the board, commented, “Build slots continue to be filled at a healthy rate. With January orders coming in at a rate that was comparable to the previous month, the market is still performing at a high level historically. It was a mixed market for OEMs this month with some seeing increases and others seeing decreases in orders. Fleets continue to be willing to order new equipment despite uncertainty in the freight market. Order levels were above the historical average and above seasonal trends, although we still expect 2024 activity to reflect replacement demand.”

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.