New Truck Production Enjoys December Bump
January 10, 2022
North American Class 8 net orders recovered to 23,100 units in December. The
December total orders were back in the same range as September and October,
following the previous trend of orders being slightly above expected production
levels. December order activity was +139% m/m but still down y/y at -55% from
December 2021. Class 8 orders totaled 365,000 units for 2021.
Ake commented, “The current order volume still understates the tremendous demand
for new trucks. The OEMs have a large number of fleet commitments for 2022. They
are delaying entering these orders until they know how many they will be able to
build each month. Supply chain delays continue to constrain build rates.