ACT Research: US Trailer Order Placement Continues to be Choppy

Trailer Graph 6-23-22May net US trailer orders of 19,445 units were virtually unchanged compared to April, down just 0.8% m/m, but were 93% higher compared to May of 2021, 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, trailer OEMs, and suppliers to better understand the market.

Trailer Net Order Ratio Graph 6-23-22“Order placement remained choppy in May, with dry vans, up 32% m/m, and bulk tank, 42% m/m higher, responsible for the total industry uptick,” said Jennifer McNealy, Director–CV Market Research & Publications at ACT Research. She continued,OEMs continue to negotiate with fleets, and that effort is building a large group of staged/planned orders that are not yet officially posted to the backlog. Once OEMs gain sufficient confidence in their availability to open 2023 production slots, expect a surge of orders to be ‘officially’ accepted.”

McNealy added, “The industry has normally not been willing to push commitments past 12 months, nor open a new calendar year this early in the preceding year, but recent years, including the pandemic-battered 2020/21, have been anything but normal. We expect some OEMs to begin considering longer orderboards, with appropriate cost/price protections.” She concluded with a discussion about the backlog, stating, “The orderboard slid sequentially again in May, the second month-over-month decline in backlog since last October. Dry vans, platforms, and lowbeds all shared responsibility for the slide, with the backlog for tanks, both liquid and bulk, growing. Expect backlog to contract as we move through early summer, and for this trend to reverse when 2023 orderboards are fully opened.”

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 67th Seminar is scheduled for August 23-25, 2022. The focus will be the potential impact of decarbonization and autonomous technology on commercial vehicles and on-highway transportation. Each event ACT shares its best-in-class data and forecast in presentations, as well as featuring guest speakers to dive into topics of interest for the benefit of attendees. The agenda includes key industry leaders, who will be announced at a later date. For more information about Seminar 67 Watts Under The Hood: Transportation Transformation, click here: https://www.actresearch.net/seminar-67/.

ACT Research recently completed POWER UP, a look at 7 global regions and more than 20 countries in a review of local regulations, infrastructure, and the impact on the adoption of battery and fuel cell electric commercial vehicles through 2040. This forecast is the first of its kind, a review of the decarbonization of commercial vehicles around the world. POWER UP is available now at https://www.actresearch.net/power-up/.

Additionally, ACT Research published an update to CHARGING FORWARD, a North American-centric battery and fuel cell electric vehicle adoption rate forecast, covering 23 vehicle applications, in Classes 4-8 commercial vehicles, through 2040. CHARGING FORWARD is considered by many industry leaders to be the apex of analysis and economic-based total cost of ownership modeling in the industry. And, it is now available for purchase at https://www.actresearch.net/electric-vehicles-charge/.

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Access May's State of the Industry: Classes 5-8 Vehicles Press Release.

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