Blog Banner

You Depend on Data. Depend on ACT Research

You Depend on Data. Depend on ACT Research

ACT Research: US Trailer Orders Are Easing, While Production Remains Robust

Posted by Jennifer McNealy on May 31, 2019 8:00:00 AM

TRAIL COMP-1According to this quarter’s issue of ACT Research’s Trailer Components Report, trailer industry net orders have eased meaningfully since November of 2018, as year-over-year-comparisons have now been in the red for the last five months, but order weakness is not indicative of fleets’ unwillingness to invest.

DSC_3627copy“Year-to-date net orders through April were just over 80,000 units, down 37% from last year, but despite this, current orderboards still stretch to nearly year-end for the total industry,” said Frank Maly, Director–CV Transportation Analysis and Research at ACT Research. He continued, “Order weakness is more a symptom of OEM reticence to fully open 2020 orderboards than fleets’ unwillingness to invest, as we’re hearing of OEMs actively gathering ‘verbal commitments’ for the first half of 2020, with some orders reportedly being posted as ‘price pending’.”

Additionally, Maly said, “Softer new orders have been joined by higher cancellations in recent months, despite widespread implementation of cancellation penalties. However, trailer production continues at robust levels, with March of 2019 as the second highest production month in industry history.” He added, “ACT anticipates strong production levels through the remainder of this year, but see OEMs continuing to be challenged by component and material issues, as well as staffing.”

ACT Research is recognized as the leading publisher of commercial vehicle truck, trailer, and bus industry data, market analysis and forecasting services for the North American 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. More information can be found at www.actresearch.net.

Click here for more information about ACT’s Trailer Components Report.

Copy of Copy of Copy of Copy of January’s minor sequential backlog decline was that metric’s first month-over-month slide since June [2018]. (2)

 

 

ACT’s 61st seminar is scheduled for August 12-14, 2019, and will feature a dealer panel, as well as discussions on near-term demand of North American commercial vehicle markets and the impacts of tomorrow’s technical challenges. A global forecasting workshop is also being planned in conjunction with this semi-annual event. Click here for seminar information.

Topics: Trailers, Press Releases

About ACT Research

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

 

Recent Posts