Truck lead time at 5 months
February 22, 2012
For trucks ordered in January, the calculated average time from order to delivery inched lower and sits right at 5.0 months. This is down from the December reading, which was the highest number since July. This metric has been near a reading of 5.0 for the last 6 months – which is right where the 6 month average is currently at. Prior to August this metric had hovered near the 6 month mark for 8 months. A reading below 6 suggests that production levels are generally sufficient to meet current demand.
Q1 build slots are finally filling up. FTR estimates that there are now less than 9,000 slots still available in the first quarter. There are still over 25,000 available slots in the second quarter. The second half of the year remains wide open with less than 30% of production currently accounted for. As of now, there does not appear to be a problem getting trucks when needed.
The current lead time reading of 5.0 suggests that truckers are able to get a new truck relatively easy and will not have to wait very long for delivery after the order is placed.
- Source: FTR Associates’ OEM Market Indicator Database
- The graphed data is for total N.A. backlogs/build ratio. This includes U.S., Canada, Mexico, and Export data
- The market indicator data includes all major North American truck builders.
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