Industry forecaster FTR says the strong orders solidify the idea there’s significant pent-up demand from fleets struggling to replace aging equipment.
“OEMs are now filling build slots well into Q2 and the early part of Q3 2023. Component shortages continue to be a week-to-week issue; however, the overall sentiment from manufacturers is optimistic that improvements will be made in the coming months and throughout the first half of next year,” said Charles Roth, FTR’s commercial vehicle analyst.