Class 8 total net orders for all major North American OEMs fell to 6,167 units in February, the lowest order rate in more than six years, according to preliminary data from FTR Associates.
February orders—which includes the U.S., Canada, Mexico and exports-- declined 21% from January and fell approximately 60% year over year, FTR said, which noted that the lower order activity highlighted the already weak fundamentals in the market.
“We have been anticipating this slow-down in order activity for some time now and expect orders to drop to 5,000 units or below over the next several months,” said Eric Starks, president of FTR Associates.
