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The decline in trailer orders is attributed to supply chain disruptions, a labor shortage, and OEMs having to continue to manage backlogs.
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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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Trailer net orders rebounded in November, as large fleets place orders and OEMs began to solidify their 2022 production plans.
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October is the traditional start of the fall ordering season for the following year. However, this is far from a normal year, as October trailer order numbers show.
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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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In September, trailer orders improved over 100% month-over-month to between 28,127 and 28,300 units, ACT Research and FTR reported.
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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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With fleets "desperate for new dry vans," trailer makers continue to struggle to increase production rates to meet high demand in the face of supply chain, staffing, and material shortage issues.
Read More →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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While trailer orders in June came in above their weak May numbers, orders have continued to soften compared to 2020 order numbers.
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