October Trailer Orders Post Sequential Gain, Trail 2015’s Levels
NOV 16, 2016 - 5:53 am
ACT Research’s preliminary estimate for U.S. net trailer orders for October 2016 is 21,050 units.
“Net trailer orders rebounded strongly in October, following a disappointing September. This preliminary report points to a sequential gain of over 60% for the month,” said Frank Maly, ACT’s director of CV transportation analysis and research. “It appears that dry vans provided major impetus last month. Despite the October surge, the 2016/17 order season continues to trail last year’s pace. October volume was approximately 37% behind the same month last year and our analysis shows year-to-date orders off a similar percentage. It’s evident that fleets remain cautious regarding their purchase commitments, continuing to balance their capex plans to current market conditions.”
Final October volumes will be available later in the month, although ACT’s methodology allows it to generate an early estimate of the market with a 3% margin of error.
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