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ACT Research: Net trailer orders decline in November

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ACT Research: Net trailer orders decline in November
November net US trailer orders of 39,590 units were 17% lower compared to last month, -27% on a seasonally-adjusted basis, and 22% above the year-ago November level, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailers report. 

COLUMBUS, Ind. – November net U.S. trailer orders of 39,590 units were 17% lower compared to last month, -27% on a seasonally-adjusted basis, and 22% above the year-ago November level, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailers report.

“Discussions across the past month continue to indicate more OEMs are expanding the availability of 2023 build slots, but 2023 is not yet fully open,” Jennifer McNealy, director–CV market research & publications at ACT Research, said. “Supply-chain concerns still linger, so OEMs are hesitant to overpromise and underdeliver for the second half of 2023, where visibility is limited. That said, nearly as soon as a build slot is available, there is a fleet ready to fill it with an order.”

She said backlogs are resuming growth in line with typical seasonality, as orders flow in as more OEMs open or expand their 2023 build slot offerings.

“We expect this trend to continue.” McNealy said. “November activity resulted in the industry closing the month with a 7.9-month backlog-to-build ratio (7.3 months seasonally adjusted), as order intake remained stronger than the uptick in build rates.”

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The Trucker News Staff produces engaging content for not only TheTrucker.com, but also The Trucker Newspaper, which has been serving the trucking industry for more than 30 years. With a focus on drivers, the Trucker News Staff aims to provide relevant, objective content pertaining to the trucking segment of the transportation industry. The Trucker News Staff is based in Little Rock, Arkansas.
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