North American Class 8 preliminary web orders for August elevated 51% from July to 39,400 models. August 2021 exercise was + 91% year-on-year with Class 8 orders now totaling 456,000 models for the earlier 12 months.
FTR studies that North American Class 8 preliminary web orders for August elevated 51% from July to 39,400 models.
The rise in orders got here as OEMs started taking extra orders for 2022. Nonetheless, OEMs stay cautious about absolutely reserving all orders for 2022 as worth negotiations proceed with many fleets. . As well as, they nonetheless have problem planning manufacturing within the first quarter attributable to lingering uncertainties with the availability chain.
Don Ake, vice chairman of business autos for FTR, mentioned: “Orders have began for deliveries in 2022, however at a way more measured tempo than anticipated. The fleets have wished to put their 2022 orders for months. They’re in determined want of vans proper now and with the freight market so strong, anticipate development niches to be scarce once more subsequent yr. OEMs, alternatively, have been reluctant to open their management panels attributable to excessive uncooked materials costs and provide chain uncertainties.
“The demand for Class 8 vans might be enormous in 2022 attributable to rising freight markets and pent-up demand in 2021. Orders might be substantial from August via the tip of the yr. Nonetheless, there could possibly be huge fluctuations from month to month as a result of OEMs are deliberate in how they deal with and categorize orders.
“The availability chain at all times has an affect on the complete trade and Class 8 orders are not any exception. It’s tough to know what number of vans you’ll be able to produce within the first quarter when many elements, particularly semiconductors, are in brief provide. As soon as commodity prices stabilize and the availability chain is in steadiness, orders will skyrocket and development charges will bounce. “