Benzinga | Oct 4, 2021 05:07PM EDT

PACCAR Sees Q3 Truck Deliveries Reduced By ~7K Vehicles

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.