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The ongoing global semiconductor shortage has impacted PACCAR, leading to a decrease in truck deliveries. In Q3 2021, PACCAR delivered approximately 33,000 trucks, down from 40,100 in Q2 2021, marking a shortfall of about 7,000 vehicles. The company anticipates continued production inefficiencies in Q4 but expects truck production to recover once supply issues are resolved. Despite challenges, demand for PACCAR's brands, including Kenworth, Peterbilt, and DAF, remains strong.
Positive
Strong global demand for Kenworth, Peterbilt, and DAF trucks.
Negative
Truck deliveries declined by approximately 7,000 vehicles in Q3 2021.
Estimated Q3 deliveries were 33,000 compared to 40,100 in Q2 2021.
Ongoing semiconductor shortage is expected to continue affecting production in Q4.
BELLEVUE, Wash.--(BUSINESS WIRE)--
The ongoing global semiconductor shortage continues to affect some industries including the automotive sector. The semiconductor shortage has reduced PACCAR’s truck deliveries in the third quarter of 2021 by approximately 7,000 vehicles. PACCAR’s third quarter 2021 truck deliveries are estimated to be approximately 33,000 vehicles, compared to 40,100 vehicles delivered in the second quarter of 2021.
PACCAR anticipates that the semiconductor shortage and associated production inefficiencies will continue in the fourth quarter. PACCAR expects global truck production to strengthen when the supply disruptions are resolved. Global demand for the new Kenworth, Peterbilt and DAF trucks is very strong.
PACCAR is a global technology leader in the design, manufacture and customer support of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates. PACCAR also designs and manufactures advanced powertrains, provides financial services and information technology, and distributes truck parts related to its principal business.
