North American Class 8 Truck Orders Decline 36% Year-over-Year in October
Preliminary data from FTR reveals a significant downturn in the North American heavy-duty truck market. Class 8 truck orders fell by 36% year-over-year to 15,600 units in October, representing a 24% decrease from September levels. The decline is notably severe when compared to historical trends; current order volumes are nearly 50% below the ten-year average for the month of October. This sharp contraction suggests weakening demand within the logistics and transportation sectors.