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.
Semiconductor shortage
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.
The company anticipates that the semiconductor shortage will continue in the second quarter of 2021 as well. However, North American and European truck industry orders continue to be very strong. PACCAR’s forecast for 2021 truck industry retail sales remains unchanged.
Light, medium, and heavy-duty trucks provider
PACCAR is a globally renowned technology company, which specializes in the design, manufacture, and customer support of high-quality light, medium, and heavy-duty trucks, sold under the Kenworth, Peterbilt, and DAF brand. The company also designs and manufactures advanced power trains, provides financial services and information technology, and distributes truck parts related to its principal business.
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