ACT Research’s latest report saw December US trailer orders end 2022 at near-record levels.
The State of the Industry: U.S. Trailers report saw 2022’s December net US trailer orders come in at 57,300 units — 115 per cent above December 2021 and nearly 46 per cent higher compared to November.
ACT Research Director CV Market Research & Publications, Jennifer McNealy, said December was the second highest month since the company began keeping track in 1996.
“The year closed with 361,500 net orders placed, exceeding the previous year’s 249,400 level,” she said.
“Approximately 306,000 trailers were built in 2022, and our projections point to a continuation of that upward trend into 2023.”
However, according to McNealy, supply-chain concerns are still lingering with some manufacturers sharing that the situation for some parts has deteriorated with no short-term improvement in sight.
“Regarding demand, most trailer makers continue to see demand exceeding capacity through the end of 2023; although, some have mentioned an erosion in confidence, but are also quick to note that this hasn’t appeared in the form of cancellations,” she said.