Since at least June 2020, each month of truck sales has been higher than the same month the year prior. We are now entering the anniversary of the “skyrocket” phase of the COVID-19 pandemic, where a delay in demand reared its head, so it is hard to say how long the streak will last. For June 2021, however, this pattern entered its 13th month.
ACT pins the number of orders at 25,700; FTR, 26,700. Assuming the number is in the middle at 26,200, the number is a 60% increase of the average for June 2020 at 15,750 new Class 8 truck orders. Additionally, it is about a 12% increase from May 2021.
“The June order total is very positive because it indicates this order cycle bottomed out at 24,000 orders in May. That is almost double the typical low point,” FTR officials said. The statement contradicts what Don Ake has been saying for the past couple of months, where a component shortage is imminent and sales will suffer–so much for that!
The way things are now, however, trucking companies are already filling up the backlog and making orders for 2022 models.
FTR says the rolling total for new Class 8 trucks in the past 12 months is now 431,000, an increase of 11,000 from the month before.
Assuming the monthly sales hover at around 24,000 for the next few months, September will be the month where we finally see a year-over-year decrease in monthly truck sales. With talks of a component shortage constantly looming over the industry’s head, it is hard to say for sure where the number will stand come the end of July.
Top Trending Trucking Articles
- Congress Considers Side Guards for Trailers
- Truck Parking Bill Makes a Comeback
- Joe Biden’s Infrastructure Plan and How it Impacts Truckers
- CVSA Operation Safe Driver Week Starts July 11th
- Companies and Drivers Split on DRIVE-Safe Act
- Trucking Insurance Bill Reintroduced to Congress
- AB-5 Applies to Trucking, Appeals Court Ruled
- FMCSA Declares Regional Emergency Regarding Fuel
- I-40 Bridge Shut Down Until Further Notice
ABOUT TOPMARK FUNDING
TopMark Funding is a top-rated semi-truck financing and trailer financing company located in Roseville, CA. We specialize in commercial trucking and heavy equipment. Our mission is to become your long-term financial partner by helping you grow your trucking business and fleet.
We’re not here for the short-term, we’re on the long-haul with you!
Learn more about Trailer Financing.
Fill out the contact form or give us a call at (866) 627-6644. One of our truck financing specialists will contact you as soon as possible to go over your truck lease needs and learn more about you and your business financing goals.