ACT Research, a publisher of commercial vehicle truck, trailer and bus industry data, has released May’s State of the Industry: U.S. Trailer report.
According to the results, May net US trailer orders of 19,445 units were virtually unchanged compared to April, down just 0.8 per cent – but were 93 per cent higher compared to May last year.
ACT Research Director, CV Market Research & Publications, Jennifer McNealy, said heavy vehicle orders are progressing along well.
“Order placement remained choppy in May, with dry vans, up 32 per cent m/m, and bulk tank, 42 per cent m/m higher, responsible for the total industry uptick,” she said. “OEMs continue to negotiate with fleets, and that effort is building a large group of staged/planned orders that are not yet officially posted to the backlog.
“Once OEMs gain sufficient confidence in their availability to open 2023 production slots, expect a surge of orders to be ‘officially’ accepted.
“The industry has normally not been willing to push commitments past 12 months, nor open a new calendar year this early in the preceding year, but recent years, including the pandemic-battered 2020/21, have been anything but normal.
“We expect some OEMs to begin considering longer orderboards, with appropriate cost/price protections.”
ACT Research’s State of the Industry: U.S. Trailers report provides a monthly review of the current US trailer market statistics, as well as trailer OEM build plans and market indicators divided by all major trailer types.
In other news, preliminary reports from ACT Research show that US net trailer orders in May were 18,300 units and 7 per cent down from last month, but were 111 per cent higher than May last year.