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ACT Research: Preliminary U.S. Trailer November Orders Down 22% Y/Y

December 13, 2021, 07:00 AM
Filed Under: Trucking

Preliminary reports show trailer net orders rebounded in November, as some OEMs began to further solidify their 2022 production plans. Net orders of 31,000 trailers were posted during the month, a 78 percent increase from October, although it trailed the same month last year by approximately 22 percent, according to ACT Research. Final November volume will be available later this month.

“More OEMs began to accept orders in November, an indication that they are growing more comfortable with the likely path of market factors such as component availability and pricing, as well as staffing. Their plans for the upcoming year are beginning to firm, and this order volume will push the industry’s orderboard horizon, on average, solidly into the third quarter of next year,” said Frank Maly, Director CV Transportation Analysis and Research of ACT Research. “While this preliminary estimate would rank November as the second-best net order month of the year, trailing only January, final data could well result in November standing as the best month of the year so far.”

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