Net orders for Class 8 trucks increased 11% year over year in February, reaching 25,700 units last month, according to preliminary data. report from FTR.

According to the analytics company, this figure exceeds seasonal expectations but is in line with recent demand trends. Build slots continue to fill, and recent demand trends have stabilized at 10,000 units below the November 2023 peak, avoiding concerns about a “rapid demand decline in 2024.”

“Despite weakness in cargo markets that has persisted for more than a year, fleets remain willing to order new equipment,” Eric Starks, FTR chairman, said in the report. “Order levels were above historical averages and above seasonal trends, but our expectations for production by the end of this year remain unchanged.