Trailer Orders Up 43% in October According to ACT
The fall order season for trailers kicked off with an impressive 43% month over month net order gain.
Total net orders were 24,900 units. The year-over-year comparison was less robust, but still a solid 6% increase. This information was included in the most recent State of the Industry: U.S. Trailers published by ACT Research Co. (ACT).
“Improvement in orders was widespread in October, as seven of ten trailer categories were positive month over month, with most of those posting solid double-digit gains,” said Frank Maly, Director – CV Transportation Analysis and Research at ACT. “Cancellations were low, which continues to indicate both an absence of speculative orders in the backlog as well as a confirmation that trailers on the orderboard are truly needed,” he added.
ACT is the worldwide leading publisher of new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market, as well as the U.S. tractor-trailer market and the China CV market. ACT’s CV services are used by all major North American truck and trailer manufacturers and their suppliers, as well as the banking and investment community in North America, Europe and China. ACT is also a contributor to Blue Chip Economic Indicators. More information at: www.actresearch.net.
Category: General Update
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
