FTR has released preliminary data showing May 2016 North American Class 8 truck net orders only up slightly from April to 14,100 units, a 4% m/m comparison. Orders for Class 8 vehicles remained subdued with May 2016 activity the lowest for the month since 2010 and 30% below a year ago. The past three months of Class 8 order activity annualizes to just 175,000 units with the annualized rate for the past twelve months continuing to fall, now at 231,000 units.
* On approved credit