September a “sensational” record month for Class 8 orders

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Truck orders surged to file ranges in September, in line with preliminary information from trade forecasters.

FTR reported a file 56,500 Class 8 orders whereas ACT Analysis reported 53,700.

FTR says the determine is up 169% from August and 102% yr over yr, reflecting pent-up demand from fleets and OEMs opening up extra order slots for 2023. Construct charges proceed to lag orders as a consequence of ongoing provide chain points and labor shortages.

orders chart

“Demand continues to place stress on producers as many dealerships have now indicated that OEMs are actually allocating manufacturing capability for 2023 construct slots,” defined Don Ake, FTR’s vice-president, industrial autos.

“That is largely an effort to enhance on time supply efficiency whereas additionally decreasing the influence a possible part scarcity could have on manufacturing plans. Many sellers have indicated that on account of part availability they’ve had orders pushed out into the long run or delayed on account of purple tag items having to be completed off-line.
“Fleet confidence stays stable coming into 2023, as many massive nationwide fleets are getting their truck orders in as early as potential for subsequent yr’s deliveries. Because of the restricted availability of recent gear fleets haven’t been capable of part out aged gear over the previous two years. Because of this, we anticipate alternative demand to remain elevated all through 2023.”

ACT reported Lessons 5-7 orders of 26,600 items, up 39% from August and seven% yr over yr.

Eric Crawford, ACT’s vice-president and senior analyst, stated OEMs have now absolutely opened up their 2023 orderboards sooner than regular.
“September Class 8 orders have been sensational regardless of the way you slice the information,” he stated. “Over the previous 12 months, 249,800 Class 8 orders have been booked.”

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