ACT Research: U.S. Trailer Net Orders Dip Sequentially in February, but Remain Strong Y/Y
COLUMBUS, IN – (Trailer Technician) – February net US trailer orders of 26,414 units fell nearly 16% from the previous month, but rose almost 88% compared to February of 2020. Before accounting for cancellations, new orders of 28.3k units were down 14% versus January, but 74% better than the previous February, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailer Report.
ACT Research’s State of the Industry: U.S. Trailers report provides a monthly review of the current US trailer market statistics, as well as trailer OEM build plans and market indicators divided by all major trailer types, including backlogs, build, inventory, new orders, cancellations, net orders, and factory shipments. It is accompanied by a database that gives historical information from 1996 to the present, as well as a ready-to-use graph packet, to allow organizations in the trailer production supply chain, and those following the investment value of trailers and trailer OEMs and suppliers, to better understand the market.
“Although it seems many OEMs are fully committed for dry vans and reefers this year, negotiations with fleets continue,” said Frank Maly, Director–CV Transportation Analysis and Research at ACT Research. He added, “While orders will continue to be booked, without meaningful increases in production rates, backlogs will remain extended.”
Maly concluded, “Although not official, the backlog-to-build ratio points to a defacto opening of 2022 orderboards by several OEMs, although one has publicly indicated that they are pausing further order acceptance in the short-term.”
ACT Research is recognized as the leading publisher of commercial vehicle truck, trailer, and bus industry data, market analysis and forecasts for the North America and China markets. ACT’s analytical services are used by all major North American truck and trailer manufacturers and their suppliers, as well as banking and investment companies. ACT Research is a contributor to the Blue Chip Economic Indicators and a member of the Wall Street Journal Economic Forecast Panel. ACT Research executives have received peer recognition, including election to the Board of Directors of the National Association for Business Economics, appointment as Consulting Economist to the National Private Truck Council, and the Lawrence R. Klein Award for Blue Chip Economic Indicators’ Most Accurate Economic Forecast over a four-year period. ACT Research senior staff members have earned accolades including Chicago Federal Reserve Automotive Outlook Symposium Best Overall Forecast, Wall Street Journal Top Economic Outlook, and USA Today Top 10 Economic Forecasters. More information can be found at www.actresearch.net.
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