Agricultural equipment production ended 2021 above the previous year's levels in North America and around the world, and is forecast to increase in 2022 as well.

North American Class 8 truck orders declined 8% month-over-month and 50% year-over-year, but remained in line with averages over the past 4 months.

SMMT reports the surge in home deliveries benefited commercial vehicle production while supply chain issues continued to plague the engine industry.

PMA's January 2022 Business Conditions Report shows 43% of companies expect an improvement in orders in the next 3 months.