ACT Research: September Preliminary Trailer Orders Surged on the Initial Acceptance of 2022 Orders; Volume Jumped 130% M/M, Down 45% Y/Y

Trailer Prelim Graph 10-12-21Preliminary reports show trailer OEMs posted 28,500 net orders in September. That was a 130% sequential surge over August, but trailed the same month last year by 45%. Final September 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 10.13.21 (1)“We’ve been awaiting the opening of the 2022 orderboard, and that finally occurred during September. While demand remains very strong, that action was not universal as the market was a mix of OEMs accepting orders while some remain on the sidelines. Concerns about component and materials pricing and availability, as well as staffing challenges, were noted as the major reasons for continued reticence in order acceptance,” said Frank Maly, Director CV Transportation Analysis and Research of ACT Research. He added, “The major impetus in September came from dry van orders, which will extend already long lead times further into next year. There was also a notable churn in the backlog, as new orders approached 34,000 trailers for the month. That means cancellations came in at the highest level since April of this year, but it appears many were due to cancel/re-orders, as some delivery commitments likely shifted from 2021 to 2022. With fleet demand still strong, expect further order strength in upcoming months, as more OEMs begin to book orders for the new year.”

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 66th Seminar is scheduled for February 22-24, 2022. Focused on the continuous evolution and advancement of autonomous and powertrain technologies in the transportation and commercial vehicle markets, OUTLOOK Seminar 66 will feature key industry leaders such as Bryan Bezold of Ford, Matt Hardin from Transplace, and Robert Brown of TuSimple. For information about OUTLOOK Seminar 66, as it becomes available, click here. 

ACT’s commercial electric vehicle study, Charging Forward: 2020-2024 BEV & FCEV Forecast & Analysis, was published on March 31, 2021, 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, click here. 

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