Class 8 truck orders plummeted to 34,300 units in November, according to preliminary data from industry forecaster FTR, well off the 56,000 ordered in September.
However, while orders have slid the past two months, FTR says they are showing “tremendous gains” over last year’s weak totals. November orders were down 20% from October, but up 254% year over year, FTR reported.
“Much of the year appears to have been slotted for production in 2023,” said Jonathan Starks, FTR’s chief executive officer and chief intelligence officer. “That means further moderation of levels as we get into the new year. The market remains strong despite the economic uncertainties, and production still will be limited to some extent by supply chains and labor.”
