Preliminary reports show trailer net orders rebounded in November, as some OEMs began to further solidify their 2022 production plans. Net orders of 31,000 trailers were posted during the month, a 78% increase from October, although it trailed the same month last year by approximately 22%. Final November volume will be available later this month. This preliminary market estimate should be within +/- 5% 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.
“More OEMs began to accept orders in November, an indication that they are growing more comfortable with the likely path of market factors such as component availability and pricing, as well as staffing. Their plans for the upcoming year are beginning to firm, and this order volume will push the industry’s orderboard horizon, on average, solidly into the third quarter of next year,” said Frank Maly, Director CV Transportation Analysis and Research of ACT Research. He added, “While this preliminary estimate would rank November as the second-best net order month of the year, trailing only January, final data could well result in November standing as the best month of the year so far.”
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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