FTR reports preliminary trailer orders dropped considerably

FTR reports preliminary trailer orders dropped considerably

FTR reports preliminary trailer orders dropped in September, falling 25% m/m to 12,500 units.  September trailer orders were -56% y/y and now total 271,000 units for the past 12 months.

Overall, most trailer manufacturers, especially those in the van segments, still must manage production weekly as component shortages continue to hinder production. Even amidst the downward trend seen in orders over the past three months, build levels on a monthly basis remain strong.

Charles Roth, commercial vehicle, analyst, FTR commented “In the retail market, dealerships still can’t keep enough stock to meet demand. At the same time, large carriers haven’t been able to keep up with replacement cycles, which has driven the level of pent-up demand for new replacement units to above-average levels. While net orders have historically followed a seasonal pattern, the past two years have fundamentally changed how OEMs manage their build slots.

“Because there are more unknowns about component shortages and future prices, trailer manufacturers are less likely to book build slots as far in advance as they used to. They are trying to avoid having to push orders back or finish units offline as this has impacted not only their operations but also their customers. The low order volumes could be viewed as OEMs filling in the 2023 build slots when they are confident they have the necessary visibility required to fulfill them.”

You May Also Like

HDA Truck Pride raises $35,000 for Kids Matter International

With a donation of $100, Kids Matter International provides up to $350 worth of new clothes and shoes to a child in need.

HDA-Truck-Pride-Kids-Matter-International-35000-donation

HDA Truck Pride raised $35,000 for Kids Matter International, an organization dedicated to brightening the lives of children in Grapevine, TX. The announcement of the donation happened at this year's HDA Truck Pride Annual Meeting.

Founded in 2006, Kids Matter International has been instrumental in providing essential resources and educational opportunities to children in need in the Grapevine area. From providing new clothing, shoes, books, and backpacks, to offering educational programs, Kids Matter International empowers children and instills hope for a brighter future.

Peterbilt’s largest EV order comes from Einride

Einride placed an order for 150 Model 579EVs, which Peterbilt says is their largest U.S. EV order to date.

Peterbilt-Model-579EV-order-Einride
ACT Research: Preliminary May Class 8 orders beat expectations

Early data shows Class 8 orders climbed considerably both m/m and y/y, but ACT it’s a slightly different story for Classes 5-7.

ACT-Research-May-preliminary-class-8-orders
Kenworth offering PACCAR MX-13 CARB-compliant engine

The PACCAR MX-13 CARB-compliant engine will be available in the Kenworth T680, T880, and W990, with production slated for Q4 2024.

Kenworth-PACCAR-MX-13-CARB-compliant-engine
PepsiCo picks Tesla, Ford for California EV fleet

PBNA ordered 50 Class 8 Tesla Semi trucks, 75 Ford E-Transit electric vans to more than triple size of its EV fleet.

Pepsi-PBNA-Tesla-Semi

Other Posts

International Truck integrates S13 engine with Allison automatic transmissions

Allison 3414 Regional Haul Series, 4000 Series fully automatic transmissions available for International RH, HX Series trucks, respectively.

International-Truck-S-13-Engine-Allison-Transmission-integration
Volvo announces plans for hydrogen ICE trucks on-road testing

Customer tests for Volvo hydrogen combustion engine trucks will start in 2026, with orders starting by the end of the decade.

Volvo-Hydrogen-ICE-rendering
ATA Truck Tonnage Index declines 1.2%

ATA Chief Economist Bob Costello cites continued market softness, potentially leading to reduced industry capacity.

transprotation-market-generic
Navistar releases decarbonization update in 2023 sustainability report

Navistar said the report also looks at its commitment to sustainability through environmental initiatives, human rights due diligence and more.

Navistar-2023-sustainability-report