Preliminary reports show that net trailer orders in September were 25,700 units, up about 45% from August, but around 10% lower than the same month last year. Final September 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.
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“With more 2023 orderboards opening, September net orders rose in seasonal fashion,” said Jennifer McNealy, Director CV Market Research & Publications at ACT Research. She added, “As the OEMs open next year’s build schedules more fully, they are reporting that most of the build slots made available have been filled.” McNealy concluded, “While up 45% from August on a nominal basis, seasonal adjustment narrows the sequential gap appreciably to around 5% m/m growth. Additionally, some trailer manufacturers are reporting expectations that when they do open the remainder of their 2023 orderboards in the next few months, those spots will also fill rapidly, despite no firm pricing available at this point.”
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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Access September'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.