Preliminary reports show that net trailer orders in August were 17,700 units, up about 6% from July, but a significant 39% higher than the same month last year. Final August 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.
“With 2023 orderboards slowly opening, it is no surprise that net orders in August were on the rise,” said Jennifer McNealy, Director CV Market Research & Publications at ACT Research. She added, “It is equally no surprise that net orders continue to best 2021, given the continued supply-chain constraints, both in materials and labor, that trailer manufacturers are facing. With long backlogs, fleets still want to make sure their orders are in queue, regardless of when they will be filled.” McNealy concluded, “That said, OEMs are reporting improvements in supply-chain throughput, albeit a gradual advancement. Improved build rates are illustrated in the decline of the backlog-to-build ratio, which has been in the neighborhood of eight months, but is expected to descend toward the seven-month mark when final data is released later this month.”
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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