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ACT Research: Preliminary Net Trailer Orders Open 2023 Lower, Demand Strong

February 15, 2023, 07:05 AM
Filed Under: Trucking

Preliminary net trailer orders dipped in January, with 24,200 units (22,000 SA) projected to have been booked during the month. Final January results will be available later this month.

“We expected net orders to slow in January, after the explosion of orders in 2022’s final quarter. Despite the anticipated sequential decline, preliminary net orders were only 9 percent lower compared to the same month last year,” said Jennifer McNealy, Director CV Market Research & Publications at ACT Research. She added, “This month’s data are simply a return to more normal levels, following the year-end surge.”

McNealy continued, “Nearly as soon as a build slot is available, there is a fleet ready to fill it with an order. Demand remains strong, and with the backlog-to-build ratio near the 10-month mark, on average, fleets needing trailers continue to stay the course.”

When asked about build and backlog, she commented, “Using preliminary January orders and the corresponding OEM build plans from the January State of the Industry: U.S. Trailers report (December data) for guidance, the trailer backlog should decrease by around 400 units when complete January data are released. That said, with orders being preliminary and the build number a projection, there will be some variability in reported backlogs when final data are collected.”

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