CHICAGO Net orders for Class 8 trucks rose to 19,777 units in September, up 3 percent from August and 29 percent higher than a year earlier, according to preliminary data from forecasting firm FTR Associates.
September was the fourth straight month with Class 8 orders below 20,000 units. Annualized orders for the six months ended Sept. 30 dipped to 240,600 units.
"The order data was generally in line with expectations. Activity is modest but still suggests a flat production and sales market over the next few months," Eric Starks, president of Bloomington, Ind.-based FTR, said. "We will be looking hard at the October orders to see if production expectations through the end of the year can be met."
Cass Information Systems Inc.s index for commercial vehicle demand hit 1,156 in September, up 2.7 percent from August but just 0.1 percent higher year on year.