Preliminary net orders for North American (N.A.) Class 8 trucks/tractors in July totaled 12,700 units, up 42% month-over-month (m/m) but down 7% year-over-year (y/y) for the seventh consecutive y/y decrease. Orders remained notably below July's 10-year average of 19,974 units, underscoring persistent caution among fleets amid trade tensions, fluctuating tariffs, and ongoing economic uncertainty impacting freight demand.

Although both vocational and on-highway segments improved m/m, the on-highway market primarily drove the y/y decline, highlighting particular vulnerability among carriers focused on longer-haul operations. For the 2025 order cycle (September 2024-July 2025), total orders were down 15% y/y. Orders have totaled 254,349 units over the last 12 months.

Dan Moyer, senior analyst, commercial vehicles, commented, “Ongoing tariff volatility and broader economic and truck freight market sluggishness continue to negatively impact the Class 8 market, driving a substantial 30% y/y decline in year-to-date net orders. Class 8 market uncertainty is further elevated due to the potential imposition of Section 232 tariffs specifically targeting Class 4-8 trucks, tractors, and related components. The lack of clarity regarding potential Environmental Protection Agency revisions to 2027 NOx emissions standards adds to the uncertainty. As a result, many fleets are delaying commercial vehicle equipment investments. Meanwhile, continued record-high inventory levels are placing additional downward pressure on Class 8 production.”

Preliminary orders may be estimated and are subject to revision when FTR releases final data mid-month as part of its North American Commercial Truck & Trailer Outlook service.