Net trailer orders decline in the US despite production surge

From the April 2019 issue.

US-based market research firm, ACT Research, has confirmed its preliminary estimate for March 2019 net trailer orders is 15,600 units, which is down by 35 per cent month-over-month and nearly 50 per cent below last year's estimate.

ACT Research's methodology allows it to generate a preliminary estimate of the market that should be within +/- three per cent of the final order tally.

“It appears that the industry entered a bit of a holding pattern in March, as order volume declined significantly from both the previous month and this time last year," said ACT Research Director of CV Transportation Analysis and Research, Frank Maly.

"Net orders dropped 35 per cent from February and were approximately 48 per cent below a year ago.

"Although current backlogs consume the majority of available build slots this year, particularly in the dry van and reefer segments, we continue to hear that OEMs are reluctant to fully open the 2020 orderboards.

"Their concerns center around materials and component pricing, which would obviously have measurable impact on future pricing. While some fleets appear to be willing to extend commitments, others might be waiting, monitoring current market conditions.

"Also worth noting, given extended backlogs, OEMs are pushing to deliver trailers as quickly as possible; preliminary information indicates production crossed the 30K unit mark last month for only the second time in industry history," he said.

  • Join Global Trailer Magazioe news on Linkedin! Join Global Trailer Magazine news on Google Plus! Join Global Trailer Magazine news on Twitter! Pin this
  • Global Trailer Newsletter

    Sign up now to Global Trailer's newsletter and keep up to date.

    Sign up to our newsletter

© Copyright 2019 Prime Creative Media. All rights reserved.

Find us on Google+