But how long will the good times last? That’s always the question in the cyclical heavy-duty truck market.
That was a result of the “2019 order book being sold out as well as activities together with dealers to secure order book quality,” the company said in a report released Wednesday.
Much of that decline can be attributed to
It wasn’t just
Orders for heavy-duty trucks in
While ACT Vice President
“It’s kind of hard to fill a full glass,” Tam said.
Tam said there’s a backlog of about 300,000 orders for not-yet-built heavy-duty trucks in the North American market.
To put that in perspective, he noted, a normalized North American market would typically produce about 250,000 heavy-duty trucks in a year.
Further, if a company placed a truck order today, most manufacturers wouldn’t be able to deliver a finished product until the fourth quarter of this year, Tam said.
So 2019 will still be a busy year, with truck manufacturers working through a hefty backlog of orders. Tam expects production to start to slow down in September or October, though he noted retail sales could hold out a little longer.
Mack is expecting 2019 to be a busy year for its
Mack’s local assembly plant, which employs about 2,500 workers, in early 2018 started building the company’s new highway truck called Anthem, a product enabling Mack to seriously compete in the long-haul market for the first time in a long time.
But so far, Mack’s heavy-duty market share in
While Mack dealt with supply chain issues that faced the entire industry, another challenge was ramping up production of the Anthem in the midst of one of the hottest highway markets in recent history. Meanwhile,
An opportunity for Mack, Tam noted, would be if the federal government got an infrastructure bill in place. Such funds for transportation projects, such as roads, bridges and airports, would benefit Mack, which is a leader in the heavy-duty construction truck segment.
Mack expects to grab a larger slice of that market, after making progress addressing its supply chain challenges, Heffner noted.
“Mack is still strong in our core segments, and we have now worked through the production ramp up for the Anthem model,” he said. “We feel we’ve hit our stride and plan to grow our market share in 2019.”
Mack delivered 23,520 trucks worldwide in 2018, which easily outpaced its total from 2017. Here’s a look at how many vehicles Mack delivered in each of the last 10 years:
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