ACT Research: U.S. Trailer Net Orders Jumped in March, with Strength Dry Van-centric
March net US trailer orders of 37,901 units increased more than 40% from the previous month and were nearly 28% higher compared to March of 2021. Before accounting for cancellations, new orders of 38.4k grew about 37% versus February, but expanded only about 16% from the previous March, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailer Report.
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, including backlogs, build, inventory, new orders, cancellations, net orders, and factory shipments. It is accompanied by a database that gives historical information from 1996 to the present, as well as a ready-to-use graph packet, to allow organizations in the trailer production supply chain, and those following the investment value of trailers, trailer OEMs, and suppliers to better understand the market.
“While total net orders jumped 40% m/m in March, the strength was dry van-centric. A 71% sequential surge in dry van net orders accounted for 96% of the total industry month-over-month gain,” said Frank Maly, Director–CV Transportation Analysis and Research at ACT Research. He continued, “On a year-over-year basis, net orders were up 28%, with a similar story to the monthly results. Dry vans, joined by reefers, provided more than the full market improvement, while the other eight trailer categories totaled 1.1k lower on a year-over-year basis.”
He concluded with a discussion of the backlog-to-build ratio, saying, “With OEMs rapidly filling available 2022 production slots [both dry van and reefer BL/BU stretch into December at current build rates], we expect orders and production to travel in lockstep until 2023 orderboards officially open. When that occurs, fleets likely will rush to formalize commitments that are already under discussion and negotiation.”
ACT Research: Commercial Vehicles State of the Industry: U.S. Trailers
ACT Research is recognized as the leading publisher of commercial vehicle truck, trailer, and bus industry data, market analysis, and forecasts for the North America and China markets. ACT’s analytical services are used by all major North American truck and trailer manufacturers and their suppliers, as well as banking and investment companies. ACT Research is a contributor to the Blue Chip Economic Indicators and a member of the Wall Street Journal Economic Forecast Panel. ACT Research executives have received peer recognition, including election to the Board of Directors of the National Association for Business Economics, appointment as Consulting Economist to the National Private Truck Council, and the Lawrence R. Klein Award for Blue Chip Economic Indicators’ Most Accurate Economic Forecast over a four-year period. ACT Research senior staff members have earned accolades including Chicago Federal Reserve Automotive Outlook Symposium Best Overall Forecast, Wall Street Journal Top Economic Outlook, and USA Today Top 10 Economic Forecasters. More information can be found at www.actresearch.net.
ACT’s 67th Seminar is scheduled for August 23–25, 2022. The focus will be the potential impact of decarbonization and autonomous technology on commercial vehicles and on-highway transportation. Each event ACT shares its best-in-class data and forecast in presentations, as well as featuring guest speakers to dive into topics of interest for the benefit of attendees. The agenda includes key industry leaders, who will be announced at a later date. For more information about Seminar 67 Watts Under The Hood: Transportation Transformation, click here: https://www.actresearch.net/seminar-67/.
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Additionally, ACT Research published an update to CHARGING FORWARD, a North American-centric battery and fuel cell electric vehicle adoption rate forecast, covering 23 vehicle applications, in Classes 4–8 commercial vehicles, through 2040. CHARGING FORWARD is considered by many industry leaders to be the apex of analysis and economic-based total cost of ownership modeling in the industry. And, it is now available for purchase at https://www.actresearch.net/electric-vehicles-charge/.
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