ACT Research: March Preliminary Net Orders of 29,500 Trailers 12% Better than February and More than Triple Last Year’s Volume

image-png-Apr-14-2021-05-42-31-66-PMPreliminary reports from trailer OEMs indicate that 29,500 new trailer orders were booked in March. That was 12% better than February and more than triple the volume seen last year, when COVID-driven pressures began to meaningfully impact the market. Final March 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 and trailer OEMs and suppliers, to better understand the market.

Used 4.15.2021“Normal seasonal order patterns predict a month-over-month decline in net orders in March, so the rebound from February shows that fleets continue their positive expectations for the remainder of this year and into next. Initial results point to dry van orders being the major source of strength; after a normal seasonal easing in February, they bounced back to a level similar to January volume,“ said Frank Maly, Director CV Transportation Analysis and Research at ACT Research. He added, “This solid order volume will result in further industry backlog growth. In response to those ever-growing commitments, OEMs have been struggling to increase their production levels. It appears those efforts are beginning to have an impact. This preliminary report shows them achieving a higher daily production rate in March. It also appears that March will post a positive year-over-year comparison for total production, the first positive comparison since July 2019. That being said, staffing challenges and component and material supplies remain a concern as production ramps.”

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 commercial electric vehicle study, Charging Forward: 2020-2024 BEV & FCEV Forecast & Analysis, was published in late March, after months of extensive research. Utilizing industry expertise and analysis, as well as the input from a comprehensive list of key industry study participants, ACT Research has developed a critical guide for battery electric and fuel cell electric unit build and sales forecasts over the next two decades. With coverage of Classes 4-8 commercial vehicles, ACT has identified 14 market subsegments and more than 20 application types; this one-of-a-kind report is a must-have for those investing or investigating electric power opportunities. To learn more or to purchase this report, go to https://www.actresearch.net/electric-vehicles-charge/.

What’s coming next in 2021 and 2022? ACT’s 65th OUTLOOK Seminar is the planning event for your business needs. Mark your calendar for August 24-26, 2021 to gain market updates and forecasts from ACT’s award-winning, veteran team with more than 200 years of combined industry experience. Click here for more details.

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