Alan Adler
Tuesday, December 19, 2023
Trailer orders plunge 38% in November compared to October
Trailer orders are returning to pre-2020 normal rates, even with a 38% month-over-month decline in November.
Trailer orders are returning to pre-2020 normal rates, even with a 38% month-over-month decline in November.
Class 8 truck orders hit a 14-month high in November, surpassing 40,000 bookings amid a mired freight market.
Fleets waited two years for back-ordered Class 8 trucks. Now largely met, demand has shifted to replacement needs.
Truck manufacturers booked about 19,000 Class 8 truck orders in March, a manageable load that lets them whittle away at backlogs.
Class 8 truck orders fell to a seven-month low in April as manufacturers continued to restrict bookings over supply chain uncertainty.
Manufacturers kept the screws tight on new Class 8 truck orders in February as a lack of supply chain visibility maintained stable backlogs.