COLUMBUS, Ind. — The decline in January tractor-trailer orders continued the monthly saw-tooth order pattern that started in October, according to ACT Research, a publisher of new and used commercial vehicle industry data.
Despite that month-to-month decline, orders were still strong enough to generate a small gain in January backlog, according to Frank Maly, director of CV transportation at ACT.
This update on industry performance was reported in the latest State of the Industry: U.S. Trailers published by ACT.
“A total of 20,357 net orders were booked in January, down 34 percent from December’s unsustainable level,” Maly said. “However, January activity generally met our expectations that the new year might start a bit slow before gaining stride. The average seasonally adjusted annual rate for the last two months was 269,000 units, which gives a better perspective on the market,” he added.
January backlogs increased to 5.3 months.
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.
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