{"id":961,"date":"2023-08-04T04:56:08","date_gmt":"2023-08-04T04:56:08","guid":{"rendered":"https:\/\/ladingcargo.com\/blog\/?p=961"},"modified":"2024-10-18T12:25:56","modified_gmt":"2024-10-18T12:25:56","slug":"july-class-8-orders-rise-but-still-trail-replacement-demand","status":"publish","type":"post","link":"https:\/\/ladingcargo.com\/blog\/july-class-8-orders-rise-but-still-trail-replacement-demand\/","title":{"rendered":"July Class 8 orders rise but still trail replacement demand"},"content":{"rendered":"

As original equipment manufacturers (OEMs) continue to catch up on orders from before, they were able to get more orders for Class 8 trucks in July than expected, but not as many as were needed for replacements.<\/span><\/p>\n

Orders for new equipment are likely to stay low until the original equipment manufacturers (OEMs) release their order books for 2024. Bookings could still be hurt by signs of a slowdown in the second half of the year.<\/span><\/p>\n

No one is predicting a big drop in the economy. Because the outbreak has been going on for two years and there are delays in the supply chain, companies still have orders to fill as they try to meet pent-up demand. Because there were so few other cars available, they had to keep theirs running longer than they would have liked.<\/span><\/p>\n

FTR Transportation Intelligence says that the number of sales in July was about 13,500 units higher than what experts had expected. That was 24% more than in July 2022, but it was 8% less than in June. ACT Research thought that there would be 16,000 preliminary sales in July, which is a 45% increase from the same month last year.<\/span><\/p>\n

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