FTR reports preliminary North American Class 8 truck orders for February at 16,700 units, that’s up 5% m/m but down 58% y/y. Production continues at high rates, however, as OEMs build orders that were placed in 2018. Class 8 orders for the past 12 months now total 429,000 units, a record high.
Several OEM’s are booked solid for 2019 with limited sales slots open for the remainder of the year, so actual new orders are likely to stay in this depressed range until 2020 order boards are opened up.
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