ACT Research: January Trailer Orders Up 94% Y/Y, Down 33% M/M



According to ACT Research, preliminary reports indicate that January net order volume of 29,100 trailers was up 94% from the same month in 2020 but down 33% from December 2020 bookings. Final January volume will be available later this month. This preliminary market estimate should be within 3% of the final order tally.

“The year-over-year gain, with OEMs booking almost twice the volume they reported last January, was in line with expectations, as the industry continues to see solid interest from fleets for equipment acquisition. The slower order pace versus December was also anticipated,” Frank Maly, director of CV transportation analysis and research at ACT Research, said. “The order surge last September through December, which sets the stage for solid production volumes this year, is actually somewhat of a limiting factor for additional orders in the short term.

“For dry vans and reefers, orderboards currently commit many OEMs into late 2021, and that means 2021 production slots are becoming a rare commodity. There is a reticence for OEMs to open 2022 slots at this time, and actually, some uncertainty on the fleet side to extend CAPEX intentions that far out as well.

“Increasing production rates continue to be a challenge for trailer OEMs, as headwinds from increasing staff and growing concerns regarding materials and components supplies are evident. Improvement in both those areas would generate additional production capacity as we progress through 2021.”

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