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ACT Research: U.S. Trailer Net Orders Drop 42% in October Y/Y

November 18, 2019, 07:00 AM
Filed Under: Trucking

ACT Research’s preliminary estimate for October indicates trailer manufacturers booked 31,900 net orders to their orderboards last month, a 71 percent spike from September and the second straight month of sequential growth greater than 70 percent. Volume was 42 percent below last year, but slightly above the same month in 2017. Year-to-date, net orders are off 52 percent from the torrid pace of 2018.

Before accounting for cancellations, new orders of 37,500 trailers were up 73 percent from September, but 34 percent below last year. Final volume will be available later this month. This preliminary market estimate should be within +/- 3 percent 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.
“After a lackluster summer, order volume has now surged for two straight months, and is tracking more in line with historic seasonal order patterns,” said Frank Maly, Director–CV Transportation Analysis and Research at ACT Research. “October order strength was highly concentrated in dry vans, where orders were more than two times that of September. A counterpoint to the net order surge was continuing elevated cancellations, occurring in both dry vans and reefers. Since we are approaching year-end, it is likely that cancellations are due to a combination of several factors. Some placeholder orders are likely being cleared from the system and it is also likely some production is being shifted into early 2020, either at OEM or fleet request.”

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