PACCAR Business Update
PACCAR is currently facing a semiconductor shortage impacting truck deliveries, which fell by approximately 3,000 vehicles in Q1 2021. Estimated truck deliveries reached about 42,000 vehicles, up from 40,800 in Q4 2020. The shortage is expected to persist into Q2, although truck industry orders in North America and Europe remain strong. PACCAR’s outlook for 2021 truck industry retail sales is unchanged. The company continues to operate as a global technology leader in high-quality truck manufacturing and related services.
- Strong North American and European truck industry orders.
- Approximately 3,000 truck deliveries reduced due to semiconductor shortage.
- Semiconductor shortage anticipated to continue affecting deliveries into Q2.
There is currently a semiconductor shortage that is affecting some industries including the automotive sector. The semiconductor shortage has reduced PACCAR’s truck deliveries in the first quarter of 2021 by approximately 3,000 vehicles. PACCAR’s first quarter 2021 truck deliveries are estimated to be approximately 42,000 vehicles, compared to 40,800 vehicles delivered in the fourth quarter of 2020.
PACCAR anticipates that the semiconductor shortage will continue in the second quarter. North American and European truck industry orders continue to be very strong. PACCAR’s forecast for 2021 truck industry retail sales remains unchanged.
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210331005809/en/
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