ACT Research: 2023 Orderboard Floodgates Open, September US Trailer Orders Rush In

September 2022 Net Trailer OrdersSeptember net US trailer orders of 26,086 units were 47% higher compared to last month, but 8% below the year-ago September level, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailers 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, trailer OEMs, and suppliers to better understand the market.

Total Trailers Backlog & Backlog/Build Ratio“Discussions across the past month continue to indicate more OEMs opening 2023 build slots (some opening initial slots, others expanding into later in the year). OEMs’ fleet negotiations are now quickly moving to booked business,” said Jennifer McNealy, Director–CV Market Research & Publications at ACT Research.

McNealy added, “September is a quarter-ending month, and keeping with historical patterns, the clearing of red-tag units buttressed strong build and factory shipment data this month. While manufacturers continue to wrestle with rolling supply-chain disruptions, as well as challenges on the labor front, tangible improvements are being made, as illustrated in the build data.” Regarding September orders, McNealy offered, “September orders were mixed, with some categories virtually unchanged from August, others down double digits, and a few up triple digits. The explanation: 2022 backlogs are filled and build slot availability in 2023 varies widely by OEM, limiting customers’ ability to place orders.”

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.

ACT’s 68th Seminar is scheduled for February 21-23, 2023. Look for more details on this event over the coming months and save the date for February’s event. When details are available, they may be found at www.actresearch.net.

With numerous technology applications and a current lack of mass adoption, the path to understanding the autonomous technology horizon is quality economic modeling. ACT Research, the gold standard in market data, forecasting, and total-cost-of-ownership development for the commercial vehicle market, has developed DRIVING AUTOMATION, a report aggregating relevant market information, diving deep into autonomous models, and presenting a technology adoption rate forecast over a 20-year horizon. To learn more about DRIVING AUTOMATION, click HERE.

For businesses working to understand the future of decarbonized powertrains across Classes 4-8 vehicles, ACT Research is continuing to develop and report groundbreaking analyses of various propulsion systems' evolution of battery and fuel cell electric and hydrogen internal combustion, government regulations and subsidies, electric, hydrogen, natural gas, and gasoline supply, and infrastructure as well as a TCO model of 50 unique vehicle applications across North America, Europe, and China through 2040. To join ACT Research in this effort as we work to develop our third edition of CHARGING FORWARD, a decarbonization forecast thru 2040, and to learn more, click HERE.

Click below to:

Access more information about ACT’s State of the Industry: Classes 5-8 Report.

Access more information about ACT Research’s other publications and services.

Access October's State of the Industry: Classes 5-8 Vehicles Preliminary Press Release.

Access September's State of the Industry: Classes 5-8 Vehicles Press Release.

In the News Page.

Back to Blog

Related Articles

ACT Research: Preliminary U.S. Net Trailer Orders for October at 16,700 Units, Softer Volumes in Face of Market Challenges

October preliminary net trailer orders of 16,700 units were down approximately 40% from September...

ACT Research: Strong September Preliminary US Trailer Net Orders; 2023 Orderboard Filling Fast

Preliminary reports show that net trailer orders in September were 25,700 units, up about 45% from...

ACT Research: Preliminary October Net Trailer Orders Jump as 2023 Orderboards Open More Fully

Preliminary reports show net trailer orders in October were 46,750 units, up 82% from September,...