ACT Research: US Trailer Orders Decrease 48% M/M, Rise 23% Y/Y in April

According to this month’s issue of ACT Research’s State of the Industry: U.S. Trailer report, April net U.S. trailer orders of 19,614 units decreased more than 48% from the previous month but were 23% higher compared with April of 2021.

“Order placement remained choppy in April, and dry vans, with a 64% month-over-month slide in net, were responsible for the total industry decline,” Frank Maly, director of commercial vehicle transportation analysis and research at ACT Research, said. “Despite April’s drop, OEMs continue to negotiate with fleets and that effort is building a large group of staged/planned orders that are not yet officially posted to the backlog. Once OEMs gain sufficient confidence in their supply chain and labor availability to open 2023 production slots, expect a surge of orders to be ‘officially’ accepted.’”

“The industry has normally not been willing to push their commitments past 12 months, and crossing into a new calendar year this quickly would not normally be under consideration. However, recent years, including the pandemic-battered 2020/21, have been anything but normal, leading us to expect some OEMs to begin viewing deeper orderboards, with appropriate cost/price protections, which would result in both a competitive advantage and improved fleet relations.

“The orderboard slid sequentially in April, and we expect the backlog to contract as we move through late spring and early summer, but the yet-to-be-determined date for opening the 2023 orderboards will reverse the backlog contraction and likely quickly extend the backlog well into next year.”

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