ACT Research: Preliminary Data Shows Subdued Order Activity in April
MAY 4, 2022 - 7:02 am
According to preliminary data from ACT Research, North American Class 8 net orders in April reached 15,800 units, while North American Classes 5-7 net orders slid to 19,500 units. Complete industry data for April, including final order numbers, will be published by ACT Research in mid-May.
“With backlog ahead of the 12-month build plan, combined with constrained industry production, new orders remain largely subdued,” Eric Crawford, vice president and senior analyst at ACT Research, said. “Recent commentary from the semiconductor industry is discouraging, with ASML, a key supplier of semiconductor production equipment, pointing to a ‘significant shortage of semiconductor manufacturing capacity this year and next,’ suggesting headwinds to OEM production capacity and, by extension, lower-for-longer orders potentially into 2023.
“With Class 8 backlogs stretching through 2022 and still no clear visibility about the easing of the everything shortage, April’s net orders reflect the ongoing conservative approach by OEMs looking to limit the risk of overbooking and underbuilding that plagued the industry in 2021. Classes 5-7 orders moderated in April following March’s near all-time level of backlogs.”
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