FTR has released preliminary data showing April 2015 North American Class 8 truck net orders at 22,076 units, an 11 percent month-over-month decline and 10 percent lower than a year ago.
The additional order drop off in April reflects market stabilization returning to traditional seasonal trends, with Class 8 orders now totaling 373,000 units over the last 12 months.
Don Ake, FTR vice president of commercial vehicles, commented, “We expect the order numbers and backlog level to continue to fall throughout the summer. However, backlogs are so high that production rates are supported all the way into Q3. May’s orders could even dip below 20,000, but that is not a problem for 2015 as long as near-term production slots fill up.”
Orders met expectations and were in line with the FTR order and production forecasts. This continues the trend from March with nothing expected in the short term to impact overall 2015 business activity.