June 19 by Bear Stearns, a banking, trading and brokerage firm,
indicate net new orders of Class 8 heavy-duty trucks have fallen
sharply as slots for pre-Oct. 1 trucks fill. At the current build
rate, the company says it will take about 5.7 months for a new
order to be converted into a completed tractor.
In May, net
new orders fell about 39 percent from April to 15,528. Bear Stearns
says the new figures imply there was a faster than expected slowdown
in new orders toward the end of May. Despite the steep decline,
orders are up about 84 percent from the same time last year.
believes the drop in new orders reflects that, as of early May,
there are no longer available slots left for pre-October trucks.
The firm reports that orders in the first nine business days of
May were tracking at about 1,100 per day and then dropped off
to about 585 per day as pre-October slots filled.
said it expects net new orders "will continue to drop in
the coming months back down to the 8,000 to 10,000 range as most
large carriers have already ordered and/or received the trucks
they will use until the issues surrounding the low-emissions engines
have been resolved."
trailers remained high in May at 16,554, which is 2.7 percent
below a recent high in April of 17,005 units, and up 35 percent
from last year.