FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News


November Trailer Orders Jump Over 70% from October Level, ACT Research

December 16, 2016, 07:00 AM
Filed Under: Trucking

ACT’s preliminary estimate for November, 2016 U.S. net trailer orders is 36,300 units; final November volumes will be available later this month. According to ACT, their methodology allows ACT to generate an early estimate of the market that should be within +/- 3% of the final order results.

“Net trailer orders rebounded strongly in November, as the industry entered the core of its order season. Order volume was the highest of the year, and the best since last November. Three factors contributed to the solid performance,” said Frank Maly, ACT’s Director of CV Transportation Analysis & Research. “Dry van orders were more than double that of October and nearly equivalent to last November. Cancellations, which we measure as a percent of backlog, appear to have slid to the lowest rate since May. Finally, recent energy price increases appear to have helped liquid and bulk tank order volumes post both m/m and y/y improvement.” Maly added, “Despite the month-over-month surge for total trailer orders, volume still trailed last November by roughly 7% to 8%, while year-to-date volumes are down over 30%.”

ACT is the leading publisher of new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market, as well as the U.S. tractor-trailer market and the China CV market. ACT’s CV services are used by all major North American truck and trailer manufacturers and their suppliers, as well as the banking and investment community in North America, Europe, and China.

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.