Friday, April 20, 2018

Trailer net orders strong, with year-over-year gains, says ACT Research


Wednesday, August 16, 2017
by THE TRUCKER NEWS SERVICES

ACT said solid dry van commitments helped lead the total industry in June. Pictured is the Utility Trailer Manufacturing Co.’s 4000D-X Composite. (Courtesy: UTILITY TRAILER MANUFACTURING CO.)
ACT said solid dry van commitments helped lead the total industry in June. Pictured is the Utility Trailer Manufacturing Co.’s 4000D-X Composite. (Courtesy: UTILITY TRAILER MANUFACTURING CO.)

COLUMBUS, Ind. — ACT Research’s preliminary estimate for July net trailer orders is 14,450 units.

Final July volume will be available later this month, but the company said its methodology allows it to generate a preliminary estimate of the market that should be within +/- 3 percent of the final order tally.

“We saw continued, strong year-over-year net order performance last month. As has been the pattern, solid dry van commitments helped lead the total industry, with significant year-over-year gains in flatbed trailers occurring as well,” said Frank Maly, ACT’s director of commercial vehicle transportation analysis and research. “July is historically the weakest order month of the year, as fleets pause to reassess their equipment needs for the remainder of the year. The 30 percent decline from June is directionally correct, but a bit more than we might have expected. However, when seasonally adjusted, July volume was more than 20,500 units, which approaches a 250,000-annual rate, both very strong results.”

So far this year, the industry has booked more than 153,000 net orders, a 43 percent improvement.

The shift by fleets to a more positive outlook coincided with last fall’s election, and is obviously ongoing, Maly said.

“Another positive for the industry is that cancellations remain low,” he said. “Fleets are obviously standing firm with their order commitments, an indication of fleet confidence in the near-to-medium term outlook.”

ACT is a publisher of new and used commercial vehicle industry data, market analysis and forecasting services for the North American market, as well as the China commercial vehicle market.

ACT’s commercial vehicle services are used by all major North American truck and trailer manufacturers and their suppliers, as well as the banking and investment community.

For more information on ACT, visit www.actresearch.net.

 

 

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