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Get updates and insights on the top trucking news from March 2022 with HDT Editor in Chief Deborah Lockridge and Managing Editor Vesna Brajkovic on this episode of HDT Talks Trucking.
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To keep Class 8 truck order backlogs in check, OEMs are booking orders a month at a time, just under current production rates.
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OEMs are not confident that the supply chain will improve in the short term, so they are controlling the number of official Class 8 truck orders very carefully, keeping backlogs at a manageable level.
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While there is demand for new trucks, OEMs continue to be limited in what they can produce due to shortages of semiconductors and other components.
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After hitting a Class 8 cancellation speed-bump in November, orders rebounded to a level just above the second half of 2021 production trend in December, ACT Research reported.
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Supply chain constraints and component shortages continue to put pressure on North American Class 8 orders, with orders down about 39% year-over-year.
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September’s Class 8 order number is not a true indicator of 2022 truck demand, FTR’s Don Ake said, because OEM are delaying entering order until the health of the supply chain improves.
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Demand for trucks and trailers has been robust since orders bottomed out during the first months of the pandemic last year. Here’s the equipment data you need to know from HDT’s 2021 Fact Book.
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North American Class 8 orders in July were between 25,800 to 26,500 units, virtually unchanged compared to June’s orders.
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With 2021 truck order backlogs filled, and 2022 orderbooks not fully opened, orders continue to align with expectations driven by the supply of open build slots.
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