Class 8 Truck Orders in April Down 10% vs. Last Year - Tire Review Magazine

Class 8 Truck Orders in April Down 10% vs. Last Year

FTR has released preliminary data showing April 2015 North American Class 8 truck net orders at 22,076 units, an 11% month-over-month decline and 10% drop from 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. It is expected that order rates will continue to fall throughout the summer months.

“We expect the order numbers and backlog level to continue to fall throughout the summer,” said Don Ake, FTR vice president of commercial vehicles. “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.”

Final data for April will be available from FTR later in the month as part of its North American Commercial Truck & Trailer Outlook service.

You May Also Like

Nexen Tire America details its 2024 U.S. motorsports program

Nexen Tire Motorsports drivers competed at the “Streets of Long Beach” Pro Championship event using the company’s N’Fera Sport R tire.

Nexen-Tire-America-2024-motorsports

Nexen Tire America is kicking off its 2024 U.S. motorsports program. In addition to partnering with two of last year’s Nexen Tire Motorsports drivers in Formula Drift – Federico Sceriffo and Trent Beechum – Nexen Tire said it has also added a third driver to its roster, Mike Power.

Chapel Hill Tire opens 12th location in Durham, NC

Chapel Hill Tire said the new Durham location will offer everything from routine maintenance to complex repairs.

Chapel-Hill-new-location
Hankook acquires additional stake in thermal management systems company, Hanon Systems

Hankook & Company Group said it will hold a 50.53% stake in Hanon Systems and take management rights as the largest shareholder.

Handshake agreement
PRT launches 59 new complete strut assemblies

Extending PRT’s product portfolio in North America, the new release represents nearly 12M vehicles in new coverage.

PRT-Strut
Tire Discounters partners with the Atlanta Braves for home run promotion

For every home run hit by the Braves this year in a game, Tire Discounters will give fans discounts on Goodyear/Cooper tires.

Other Posts

Michelin sponsors WWII vets’ return to Normandy for D-Day 80th anniversary

WWII vets will participate in several parades, ceremonies and celebrations during their 10-day tour of the Normandy region.

Michelin-DAL_NORMANDY
McCarthy Tire Service partners with Truckers Against Trafficking

McCarthy Tire Service has launched a company policy aimed at identifying and reporting potential human trafficking situations.

McCarthy-tire-TAT
TIA’s EV Advisory Council tours Midtronics HQ

The agenda included a council meeting, a facility tour and a demonstration led by the Midtronics EV platform team.

TIA-Midtronics-tour