Class 8 Truck Production Forecast Down

June 20, 2012

FTR Associates' new forecast for Class 8 truck production sees a significant reduction beginning in the second half of 2012, with growth of only 3.4 percent this year and a decline of nearly 11 percent in 2013.

 

Internal analysis that FTR has done over the last few months has been pointing to a possible slowdown and recent market data has highlighted that concern. The primary concern is the sluggish U.S. economy, but other factors weighed on FTR’s decision to quantify the expected drop off, including the fact that as freight growth has cooled, fleets have pulled back on Class 8 orders to a level much lower than current OEM build rates.

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