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ACT Research: Preliminary October Net Trailer Orders Jump 168% Y/Y

November 17, 2022, 07:07 AM
Filed Under: Trucking

Preliminary reports show net trailer orders in October were 46,750 units, up 82 percent from September, and 168 percent higher than the same month last year, according to ACT Research. Final October results will be available later this month.

“With more 2023 orderboards opening, October net orders continued their upward trend,” said Jennifer McNealy, Director CV Market Research & Publications at ACT Research. “With the supply-chain constraints improving for trailer manufacturers, as well as their increasing nimbleness in meeting and mitigating those challenges, OEMs are more comfortable accepting orders, and this month’s preliminary data demonstrates that.”

McNealy concluded, “Demand remains strong. With backlog-to-build ratios above the seven-month mark, on average, fleets needing trailers are getting in queue and staying there.”

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