Preliminary reports show that net trailer orders in April were 16,100 units, down almost 60% from the previous month and up slightly from the same month last year. Final April results will be available later this month. This preliminary market estimate should be within +/- 3% of the final order tally.
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.
“While seasonal patterns call for a sequential decline in net orders in April, preliminary reports indicate that volumes fell more than might have been expected. Just as dry vans provided solid support in March, they were responsible for the dramatically lower April bookings,” said Frank Maly, Director CV Transportation Analysis and Research at ACT Research. He added, “While some may think recent economic challenges could be a contributing factor to the sequential decline, it’s more likely that a reluctance to push the orderboard horizon into next year is responsible, as OEMs continue to closely control order acceptance. Final reporting will likely show that these lower order levels will still result in an average backlog-to-build ratio of just over 8 months for the total industry. That will stretch through the end of the year at current production levels. Our discussions indicate active negotiations between OEMs and fleets continue, as fleets prepare to make commitments for 2023 production, when that opportunity becomes available.”
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 67th Seminar is scheduled for August 23-25, 2022. The focus will be the potential impact of decarbonization and autonomous technology on commercial vehicles and on-highway transportation. Each event ACT shares its best-in-class data and forecast in presentations, as well as featuring guest speakers to dive into topics of interest for the benefit of attendees. The agenda includes key industry leaders, who will be announced at a later date. For more information about Seminar 67 Watts Under The Hood: Transportation Transformation, click here: https://www.actresearch.net/seminar-67/.
ACT Research recently completed POWER UP, a look at 7 global regions and more than 20 countries in a review of local regulations, infrastructure, and the impact on the adoption of battery and fuel cell electric commercial vehicles through 2040. This forecast is the first of its kind, a review of the decarbonization of commercial vehicles around the world. POWER UP is available now at https://www.actresearch.net/power-up/.
Additionally, ACT Research published an update to CHARGING FORWARD, a North American-centric battery and fuel cell electric vehicle adoption rate forecast, covering 23 vehicle applications, in Classes 4-8 commercial vehicles, through 2040. CHARGING FORWARD is considered by many industry leaders to be the apex of analysis and economic-based total cost of ownership modeling in the industry. And, it is now available for purchase at https://www.actresearch.net/electric-vehicles-charge/.
Currently, the team at ACT Research is engaged in a commercial autonomous vehicle multi-client study. Through this work, we have identified adoption rates and forecast for autonomous Classes 4-8 vehicles through 2040. On Thursday, May 26, ACT’s autonomous team will hold a virtual briefing and update about the study’s progress to date. More information about our Autonomous Commercial Vehicle Study and the upcoming briefing can be found here: https://www.actresearch.net/autonomous-cv/.