Class 8 truck orders

Class 8 equipment orders are impacted by customer cancellations and OEMs bound by the turning of calendar pages.

Like the doorman at a posh nightclub who decides who gets in, truck manufacturers are choosy about what Class 8 orders they’ll accept.

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With order backlogs exceeding 14 months, manufacturers are accepting few new orders, frustrating fleet demand.

October was another month of “why bother” as fleets desperate for new Class 8 trucks held off adding bookings to a morass of back orders.

In its last quarter as part of Daimler AG, Daimler Truck reported higher unit sales but lower revenue.

Class 8 truck orders skipped a beat in September as supply shortages delayed the typical order season with fewer new trucks booked.

The last time demand was this high for new Class 8 trucks, fleets placed record orders. Not this time because manufacturing capacity is limited.

Declining Class 8 truck orders in May are deceptive. Fleets would order more but they are holding off because it might take a year to get them.

Microchip shortages and skyrocketing commodity prices make it unlikely that any of the 33,500 new Class 8 trucks ordered in April will be built this year.

PACCAR puts up strong Q1 numbers, including record parts sales that suggest the new truck backlog is boosting aftermarket sales.

Sweden’s Volvo AB reported a record operating margin in Q1 following a warning of up to a month of downtime due to microchip shortages.

There continue to be concerns about when these new orders will be prepared, as many truck manufacturers continue to deal with semiconductor shortages.

March Class 8 truck orders fell slightly from February, but still added to an industry backlog that manufacturers are struggling to reduce.

Class 8 truck orders have exceeded 30,000 a month for six consecutive months, more bookings than in the previous 18 months combined.

Weathering the COVID pandemic drove Volvo Group sales lower in 2020, but market share was stable and new orders are pouring in.

Parts shortages and supply chain issues could push planned Q1 production into spring as robust orders continue in January.

Class 8 truck orders are surging signaling carriers are once again willing to invest in their fleets. Does this mean another overcorrection of capacity is in store?