Volume was 68% below a year ago, while year-to-date, net orders are 54% less than last year. Before accounting for cancellations, new orders were 21,4000, up 45% from August and 64% below last year.
Final volume will be available later this month. This preliminary market estimate should be within +/- 3% of the final order tally.
“Given that the all-time monthly order record was set last September, a dramatic year-over-year decline was a foregone conclusion. However, the dramatic sequential gain is a significant takeaway. Fleets, while still leaning toward caution, are beginning to set their investment plans for 2020. A softer, but noticeable order season is now underway, as orders last month were the best since February,” said Frank Maly, director–CV Transportation Analysis and Research at ACT Research. “Some churn in the orderboard continues, although it appears that the pace of cancellations did slow last month.”
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 and trailer OEMs and suppliers, to better understand the market.
In the wake of COVID-19, everyone’s best laid plans were tossed into the fire. Survival mode kicked in, and the industry discovered quickly that becoming nimble was among the most crucial attributes for success. “Nimble” does not describe the state... read more
Equipment leasing and financing companies play a vital role in the U.S. economy by providing businesses of all sizes with much-needed financing options for acquisitions of equipment used in their business operations. As the COVID-19 pandemic has effectively shut down... read more