Traton Group is optimistic for future quarters as it posts solid nine-month results with recently acquired Navistar included for the first time.
Companies stymied by the chip shortage have figured out a way to keep operating while cutting their losses.
Paccar made up for the loss of 7,000 deliveries in Q3 through record parts profits and higher prices for used trucks.
Class 8 truck orders skipped a beat in September as supply shortages delayed the typical order season with fewer new trucks booked.
“There are significant inventories of already produced vehicles where essential parts are lacking.”
Demand usually drives heavy-duty truck production forecasts, but the delta variant and a constrained supply chain are wrecking projections.
Trailer makers have connectivity advancements in the pipeline as they navigate supply shortages hampering production.
Grace Sharkey and Sebastian Blanco talk about continued shortages hitting the auto industry on this episode of Transmission.
Higher prices for used trucks are expected to last into 2022 and when they fall, it will be from a lofty place.
Rising container rates and the semiconductor shortage could hurt electric vehicle startups Arrival and ELMS, but not enough to dampen the outlook, according to the analysts at Cowen.
The last time demand was this high for new Class 8 trucks, fleets placed record orders. Not this time because manufacturing capacity is limited.
Peterbilt, Kenworth and DAF Trucks are sold out globally for 2021 as the global semiconductor shortage leaves 6,500 trucks awaiting parts.
Pollution credit sales are less of a factor as vehicle profitability at Tesla shifts to overdrive in Q2.
Daimler Truck sold more vehicles in Q2 than the previous quarter but warned that supply shortages threaten second-half financials.
Volvo makes no mention of the UAW strikes but smaller sibling Mack Trucks delivers more units in Q2 as the industry recovers from year-ago pandemic shutdowns.
Fleets still want and need trucks but move to sidelines until manufacturers open their order books.
A double whammy of few new trucks and fleets wanting upgraded equipment in a booming freight market is driving prices to a post-Great Recession peak.
A new supply chain task force emerges from the Biden administration’s 100-day review.
From a shortage of truck production workers to parts depot staff, Daimler Trucks North America is trying to keep up with blistering demand.
Slowdowns in deliveries of new trucks are driving prices of newer used trucks up in the double digits both at dealerships and in auctions.
