Heavy truck orders still weak but improving, FTR says

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FTR Associates has released preliminary data showing Class 8 total net orders for all major North American OEM’s totaling 9002 units in July 2009, an increase of 9.6 percent over June. This is the second straight monthly improvement, coming on the heels of June’s 9.7 percent increase over May. The figures include orders for the U.S., Canada, Mexico and Exports.

Although July 2009 orders were down 37.3 year-over-year, the continued improvement month over month, has increased the annualized order rate to 108,024. “In early July we expected to see modest improvement in the monthly orders and that has come to pass,” said FTR President Eric Starks. “However, while the orders are increasing month over month, the annualized rate continues to represent a very weak market for new vehicles. We expect this trend to continue well into 2010.”

Final data for July will be available from FTR later in the month as part of their North American Commercial Truck & Trailer Outlook service. Contact Helen Lile hlile@ftrassociates.net or 1-888-988-1699 ext 45 for more details.