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ACT Research: November Data Show U.S. Trailer Orders Strong for Second Month

December 29, 2022, 07:05 AM
Filed Under: Trucking

November net U.S. trailer orders of 39,590 units were 17 percent lower compared to last month, -27 percent on a seasonally adjusted basis, and 22 percent above the year-ago November level, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailers report.

ACT Research’s State of the Industry: U.S. Trailers report provides a monthly review of the current U.S. 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.

“Discussions across the past month continue to indicate more OEMs are expanding the availability of 2023 build slots, but 2023 is not yet fully open. Supply-chain concerns still linger, so OEMs are hesitant to overpromise and underdeliver for the second half of 2023, where visibility is limited,” said Jennifer McNealy, Director–CV Market Research & Publications at ACT Research. “That said, nearly as soon as a build slot is available, there is a fleet ready to fill it with an order.”

She added, “Backlogs are resuming growth in line with typical seasonality, as orders flow in as more OEMs open or expand their 2023 build slot offerings. We expect this trend to continue.”

McNealy concluded, “November activity resulted in the industry closing the month with a 7.9-month backlog-to-build ratio (7.3 months seasonally adjusted), as order intake remained stronger than the uptick in build rates.”

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