ACT Research: Preliminary Net Trailer Orders in May Fall 39% M/M
JUN 14, 2021 - 6:59 am
According to preliminary reports from ACT Research, trailer original equipment manufacturers posted 8,800 net orders in May, which was off 39% versus April but almost 170% better than the COVID-19-impacted level last May.
Final May volume will be available later this month. The preliminary market estimate should be within 5% of the final order tally.
“The sequential decline in net orders was no surprise, as the impact of supply and staffing headwinds overcame continued strong market demand. With industry backlogs for dry vans and reefers extending well into next year, OEMs are reticent to continue to book orders that would further extend their delivery horizons. Some fleets may be unwilling to extend their commitments as well. The combination of those concerns generates headwinds to additional order placement and accentuates the seasonal softness that normally occurs in late spring and early summer,” Frank Maly, director of CV transportation analysis and research at ACT Research, said. “While these early reports indicate that OEMs did improve production rates in May, the increase was not as strong as they would prefer. Until meaningful increases in build rates can be attained, expect order acceptance by OEMs to remain somewhat restrained.”
This continued Monitor column is another slice in the life of a leasing sales person. It is a fictitious sales call between a leasing sales person and a CFO prospect. This could be a face-to-face sales call or a quick... read more
Fraudulent activities pose a significant threat to lenders, and combatting this ever-evolving nuisance requires a collective effort. With fraud levels on the rise, digital fraud losses are expected to surpass $343 billion1 globally from 2023 to 2027. In the financial... read more