Trailer makers continue to push away orders as supply chain issues in different areas vex production amid stable pent-up demand.
Class 8 truck orders fell in May for seasonal reasons and because manufacturers kept a tight lid on bookings.
Used truck auction prices started to ease in April as freight demand slowed, but they remain more than twice as expensive as a year ago.
War, pandemic shutdowns and supply chain woes resulted in a nearly 60% month-over-month decline in trailer orders in April.
Class 8 truck orders fell to a seven-month low in April as manufacturers continued to restrict bookings over supply chain uncertainty.
New trailer orders surged to their highest level in 15 months in March, but a supply chain fraught with trouble means it could be an anomaly.
Seeking to avoid the embarrassment of canceling fleet orders last year, truck manufacturers are keeping a tight lid on bookings.
Trailers relegated to storage units are being cleaned up and hooked up to return to service as fleets wait out the supply chain crisis.
Manufacturers kept the screws tight on new Class 8 truck orders in February as a lack of supply chain visibility maintained stable backlogs.
The “everything shortage” forced truck manufacturers to cancel, retime and slow order intake even as demand for more trucks surges.
