COLUMBUS, Ind. — Preliminary February U.S. Net Trailer Orders total 26,400 units, ACT Research reported March 16. The figure is about 20 percent down from January but represents a 24 percent increase from the same month last year.
“We’ve seen delayed timing this order season, as fleets appeared to wait to make their investment decisions ‘post-election,’” said Frank Maly, ACT’s director CV (commercial vehicle) transportation analysis and research. “That makes analysis of monthly changes as well as year-over-year results a bit challenging. The January to February decline in net orders, roughly a 20 percent slide, is much more in line with expectations for the December to January timeframe. The delay in the overall order season has the opposite impact on year-over-year comps.
“A quick review of other industry measures show cancellations, which we define as a percent of the backlog, continue at a tolerable level, although in February they appear to have drifted upward to the highest rate posted since October. Additionally, it appears that reefer backlogs held steady last month, while both the dry van and total industry order boards posted their fourth straight monthly gain.”
ACT publishes new and used commercial vehicle industry data, market analysis and forecasting services for the North American market, as well as the China CV market. For more information on ACT, visit actresearch.net.
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