ACT: September U.S. Trailer Orders Jump 82% Compared with August
OCT 23, 2020 - 7:09 am
According to ACT Research’s State of the Industry: U.S. Trailer Report, September net U.S. trailer orders of 51,208 units were up 82% compared with August and 174% compared with September 2019. Before accounting for cancellations, new orders of 52,000 units were up 77% versus August and 140% better year over year.
ACT Research’s State of the Industry: U.S. Trailers report provides a monthly review of current U.S. 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 graph packet and a database that gives historical information from 1996 to the present.
“The confluence of several factors is evident in September’s third-highest monthly net volume in history,” Frank Maly, director of CV transportation analysis and research at ACT Research, said. “Pent-up demand is one factor, as we’re now seeing capex release that was curtailed earlier this year by COVID-driven uncertainty. Another factor is lower build rates, pushing fleets to quickly submit their orders, rather than take a chance that new units might not be delivered until well into next year.
“In addition to fleets, dealers could also be worrying about the timing of stocking orders; conversations have included mention of dealers entering the fray in preparation for next year. Further solid numbers are likely in the near-term as the industry enters what has normally been its usual ‘order season.’”
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