Trucks still flying off the “shelves”, even as the market begins to slow
For the third consecutive month, sales of brand-new Class 8 trucks have remained strong, surpassing the 20,000 unit threshold. Earlier in the year, the sales struggled to meet the 2021 highs, but soon leaped ahead in June and have stayed elevated throughout the summer months. With December typically being the strongest month of the year, this uptick signals a strong year overall in truck sales.
Truck manufacturers are still dealing with a backlog of 200,000+ units in North America alone. Approximately 20,000 units of that backlog make up of 2023 units and it’s likely that the orders for 2022 units won’t be completed by the end of the year.
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