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ACT Research: U.S. Trailer Net Orders Post Another Improvement in October

Posted by Jennifer McNealy on Nov 20, 2020 5:05:36 PM

October net US trailer orders of 54,691 units posted another sequential improvement, up nearly 7% from September’s rise and well above October 2019’s level (up 70%). Before accounting for cancellations, new orders of 57k units were up 9% versus September and 52% better year-over-year, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailer Report.

Trailer Graph 11-20-20

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.

“September net orders were the third best in industry history, a short-term rank quickly displaced by October’s volume of almost 54,700 net orders,” said Frank Maly, Director–CV Transportation Analysis and Research at ACT Research. He added, “The majority of the total uptick was driven by the highest dry van net order month in industry history, and the majority of the surge in dry van orders was driven by large fleets.”

Used 11.23.2020

Maly continued, “Demand appears to cross a wide spectrum of customers, including for-hire and private fleets, likely buttressed by the growth in e-commerce and some dealer stocking commitments for next year.” He concluded, “This is leading to timely production slots rapidly being filled, which generates a demand ‘feedback’ loop, as other fleets, seeing availability lengthen, are also jumping into the market.”

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 64th Seminar is scheduled for February 23-25, 2021. Focused on the continuous evolution and advancement of power and energy changes in the transportation and commercial vehicle markets, OUTLOOK Seminar 64 will feature key industry leaders such as Ryan Reed of Wabash National, John Bennett from Meritor, Lance Riegel of Marvin Johnson, and Dominick Beckman from Hino Motors. Look for more details on this event over the coming months and save the date for February’s event. Click here for seminar information. 

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Access more information about ACT’s US Trailer Report.

Access details about other ACT Research publications and services.

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

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

Access In the News Page.

Topics: logistics, Trailers, Press Releases, supply chain, commercial vehicle sales data, truck market, truck freight, north american trucking, class 8 truck, american truck and trailer, commercial truck and trailer, transportation industry news, trucking, commercial trailer, us trailer, trailer production, north american trailer, class8

About ACT Research

We're the leading publisher of industry data, market analysis, and economic forecasting services for the commercial vehicle and transportation industries.

2019 Lawrence R. Klein Award Winner: Most Accurate Economic Forecast 2015-2019

  Partner to LMC Automotive and the Chinese State Information Center

  Contributor to the Blue Chip Financial and Wall Street Journal Consensus Economic Forecast


 

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