"This type of activity by fleets indicates that they are not overly concerned about an economic recession and continue to lock in build slots for the second half of 2023," FTR officials said.
At first glance, the fall of Class 8 orders might suggest some weakening in demand. Find out what factors actually put order intake as a solid end to 2022.
The Logimax 864 hydrogen-powered Class 8 tractor by Cenntro Electric Group is the manufacturer's first entry into hydrogen fuel cells and its first heavy-duty truck.
Seven Volvo VNR Electric trucks were delivered to Ryder System to support local supply chain routes servicing Mack truck assembly operations.
While component shortages continue to be an issue for Class 8 truck builds, manufacturers seem optimistic that improvements will be made.
As Nikola has entered into commercial production of its Class 8 BEVs, Zeem orders 100 Nikola Tre trucks.
September order activity is further testimony that there remains a tremendous level of pent-up demand for Class 8 trucks, FTR officials said.
North American Class 8 net orders for August jumped 98% month-over-month to 21,400 units, according to FTR.
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.
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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