Nashville, IN (March 3, 2010) FTR Associates has released preliminary data showing February Class 8 truck total net orders for all major North American OEM’s at 7,628 units, 19.7% higher than January when orders were the lowest since 2002.
FOR IMMEDIATE RELEASE
Nashville, IN (March 3, 2010) FTR Associates has released preliminary data showing February Class 8 truck total net orders for all major North American OEM’s at 7,628 units, 19.7% higher than January when orders were the lowest since 2002. While February compared positively to the previous month as well as to February 2009, orders were still significantly below 2009 average of 10,064 units. The figure includes U.S., Canada, Mexico and Exports.
Eric Starks, President of FTR, commented, “The February numbers were what we expected. Our forecast models continue to predict slow recovery in new Class 8 orders impacted by 2010 EPA emission regulations and the large inventory of useable vehicles in the market. We don't expect a good bounce in Class 8 demand until 2011.”
Final data for February will be available from FTR later in the month. Contact Eric Starks estarks@ftrassociates.net or 1-888-988-1699 ext 41 for more details.
The full North American Commercial Truck and Trailer Outlook Report is available to subscribers.
FTR Associates, located in Nashville, IN is the publisher of the North American Commercial Truck and Trailer Outlook Report and has been a leader in transportation forecasting for over 20 years. The company’s U.S. Freight Model collects and analyzes all data likely to impact freight movement and is based on specific characteristics for over 200 commodity groups. FTR Associates’ forecast reports cover trucking and rail transportation and include demand analysis for commercial vehicle as well as railcar. Specially designed reports are offered to participants in both industries to cover specific needs. For more information about the work of FTR Associates, visit www.ftrassociates.com or call Helen Lile at 888-988-1699 ext. 45.
For More Information Contact:
Chris Kemmer, Consultant
CK Marketing & Communications
614-459-9369/614-459-9379(Fax)
chris@ckkemmercomm.com
or
Helen Lile
FTR Associates
888-988-1699 – Ext. 45
hlile@ftrassociates.com