ACT Research: November Data Show US Trailer Orders Strong for Second Month

November 2022 Net Trailer Orders 39,590 UnitsNovember net US trailer orders of 39,590 units were 17% lower compared to last month, -27% on a seasonally-adjusted basis, and 22% above the year-ago November 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 are expanding the availability of 2023 build slots, but 2023 is not yet fully open. Supply-chain concerns still linger, so OEMs are hesitant to overpromise and underdeliver for the second half of 2023, where visibility is limited,” said Jennifer McNealy, Director–CV Market Research & Publications at ACT Research. “That said, nearly as soon as a build slot is available, there is a fleet ready to fill it with an order.”

She added, “Backlogs are resuming growth in line with typical seasonality, as orders flow in as more OEMs open or expand their 2023 build slot offerings. We expect this trend to continue.” McNealy concluded, “November activity resulted in the industry closing the month with a 7.9-month backlog-to-build ratio (7.3 months seasonally adjusted), as order intake remained stronger than the uptick in build rates.”

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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Click below to access:
More information about ACT’s State of the Industry: Classes 5-8 report.
Information about ACT Research’s other publications and services.
December’s State of the Industry: U.S. Trailers Preliminary press release.
November's State of the Industry: U.S. Trailers press release.
ACT’s In the News page.

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