Truck OEMs Still Hesitate Booking Class 8 Orders

Truck OEMs are content to book orders a month at a time, just under current production rates, and keep total backlogs in check, according to a report on trucking industry research in Heavy Duty Trucking.

Class 8 net orders in March were between about 21,300 and 21,500 units, according to ACT Research and FTR reports, respectively. This represents about a 3 percent increase month over month, and a decrease of 47 percent year over year.

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Class 8 truck orders are expected to hover around this range until OEMs have confidence in improved future supply chain performance, FTR officials sad in a press release.

Demand for new trucks remains robust but production has been significantly restricted by shortages of semiconductors and other components. Labor shortages at the OEMs and suppliers also remain an issue, FTR officials said.

 “The March order total reflects a market frozen in place,” Don Ake, VP of commercial vehicles for FTR said.

Source: Heavy Duty Trucking