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ACT Research: U.S. Net and New Trailer Orders Show Triple-Digit Growth Y/Y

April 22, 2021, 07:00 AM
Filed Under: Trucking

March net U.S. trailer orders of 29,910 units grew more than 13 percent from the previous month and rose 252 percent-plus compared to March of 2020. Before accounting for cancellations, new orders of 33,400 units were up 18 percent versus February and 136 percent better than the previous March, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailer Report.

“After a bit of a pause in February, orders bounced back solidly in March,” said Frank Maly, Director–CV Transportation Analysis and Research at ACT Research. In considering longer-term comparisons, though, he cautioned, “We’re now beginning to enter a period where, because of the unprecedented COVID-related impact in 2020, year-over-year comparisons will become much less valuable in determining the strength of the market.”

Maly added, “While one OEM has publicly stated it is ‘pausing’ order acceptance until the company can better determine longer-term materials costs, others continue to negotiate and book orders.” He concluded, “With many large fleets already on the orderboard, perhaps the next few months will result in a bit more stable order placement, until OEMs generate further production rate improvements.”

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