ACT Research: U.S. Trailer Net Orders Dip Sequentially in February, but Remain Strong Y/Y

Trailer Graph 3-25-21February net US trailer orders of 26,414 units fell nearly 16% from the previous month, but rose almost 88% compared to February of 2020. Before accounting for cancellations, new orders of 28.3k units were down 14% versus January, but 74% better than the previous February, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailer 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 and trailer OEMs and suppliers, to better understand the market.

Used 3.26.21 (3)“Although it seems many OEMs are fully committed for dry vans and reefers this year, negotiations with fleets continue,” said Frank Maly, Director–CV Transportation Analysis and Research at ACT Research. He added, “While orders will continue to be booked, without meaningful increases in production rates, backlogs will remain extended.

Maly concluded, “Although not official, the backlog-to-build ratio points to a defacto opening of 2022 orderboards by several OEMs, although one has publicly indicated that they are pausing further order acceptance in the short-term.”

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.

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

ACT’s commercial electric vehicle study, Charging Forward: 2020-2024 BEV & FCEV Forecast & Analysis, is due to publish 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, go to actresearch.net/cv-electrification-study-2021.

Click below to:

Access more information about ACT’s US Trailer Report.

Access details about other ACT Research publications and services.

Access February's State of the Industry: U.S. Trailer report Press Release.

Access March's State of the Industry: U.S. Trailers Preliminary report Press Release.

Access In the News Page.

Back to Blog

Related Articles

ACT Research: U.S. Trailer Net Orders Up 73% M/M, but Down 68% Y/Y and 54% YTD

New US trailer orders of 21.6k were up 44% month-over-month, and after accounting for...

ACT Research: U.S. Trailer Net Orders Dropped 15% Sequentially in February, -45% Y/Y

February net US trailer orders of 12.7k units were down 15% month-over-month and 45% below the...

ACT Research: U.S. Trailer Net Orders Dropped 43% Sequentially in March, -51% Y/Y

March net US trailer orders of 7.6k units were down 43% month-over-month and 51% below the previous...