Trailer orders nosedived in September, based on preliminary information from FTR, dropping 25% from August ranges and down 56% yr over yr.
Orders totaled 12,50 items, nonetheless, FTR notes producers are nonetheless working by means of backlogs and are fastidiously managing manufacturing as element shortages proceed to be a problem.
“Within the retail market, dealerships nonetheless can’t hold sufficient inventory to satisfy demand,” mentioned Charles Roth, FTR business automobile analyst. “On the similar time, massive carriers haven’t been in a position to sustain with alternative cycles, which has pushed the extent of pent-up demand for brand new alternative items to above-average ranges. Whereas internet orders have traditionally adopted a seasonal sample, the previous two years have basically modified how OEMs handle their construct slots.”
FTR says trailer makers are much less more likely to guide orders as far into the longer term as they used to.
“They’re making an attempt to keep away from having to push orders again or end items offline as this has impacted not solely their operations but additionally their clients,” Roth defined. “The low order volumes could possibly be considered as OEMs filling within the 2023 construct slots when they’re assured they’ve the mandatory visibility required to meet them.”
