COLUMBUS, Ind. — The year closed on an extremely strong note in terms of trailer orders with 45,700 net orders posted to the backlog, according to ACT Research.
It was the second-highest net order month in the industry’s history, trailing only October 2014. “Major support came from dry vans, which posted their highest net order monthly volume in history. Eight of 10 trailer categories were up month-over-month, while a similar count was up year-over-year,” said Frank Maly, director-CV transportation analysis and research.
“For the full year, industry net orders were up 38 percent, and robust order boards are encouraging fleets to submit orders to obtain preferred/acceptable delivery timing for 2018.”
Total production was 19,400 trailers, the lowest monthly production since February 2014.
“The majority of the decline came from dry vans, where some holiday-related scheduling occurred for the second straight year, holding down volume,” said Maly. “Inventory drawdown helped offset lower production last month. Added production capacity, helping to generate that higher inventory as the year progressed, also provided support. Total build for the month was equivalent to last year, which also saw holiday-scheduling impact.”
ACT is a worldwide publisher of new and used commercial vehicle 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.
For more information on ACT, visit http://www.actresearch.net.