US November trailer orders ‘disappointing’

act research

Net trailer orders decreased nominally from October to November in the United States, but they were significantly lower compared to the same time last year.

At 20,900 trailer units, orders were 47 per cent lower compared to last November.

“Not only were orders down materially from year-ago levels, but preliminary net orders, at 15,600 seasonally adjusted, were. about 41 per cent lower sequentially,” said Director CV Market Research at ACT Research, Jennifer McNealy. “After two months with orders above 30,000 units, its certainly disappointing, although not unexpected, particularly amid a backdrop of weak profitability for truckers and anecdotal commentary from trailer manufacturers who have shared that orders are coming but at a slower pace than they have the last few years.

McNealy said indicators were being watched closely and included cancellations which have returned to acceptable levels and the backlog-to-build ratio remains healthy at nearly six months.

“Some specialty segments have no available build slots until late in 2024 at the earliest.”

In other news, equipment specialist, SAF-Holland, has taken over a distribution partner.

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