ACT: Van orders, used truck prices down in February
Net orders for total van trailers were off 32 percent month over month while all other trailers posted a gain of 31 percent.
The Trucker News Services
COLUMBUS, Ind. — New trailer orders and used truck pricing both slipped in February, according to a couple of new reports from ACT Research Co.
The performance differences between vans and all other trailers was striking, ACT noted: Net orders for total van trailers were off 32 percent month over month while all other trailers posted a gain of 31 percent. This update on industry performance was reported in the latest State of the Industry: U.S. Trailers.
“Backlogs have risen to the highest level during this recovery cycle and the strongest orderboard since August 2006,” reported Frank Maly, director-CV transportation with ACT Research. “We expect to see a gradual growth path in production during the next 6 months.”
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The trailer industry is entering its third year of the recovery cycle.
Used Class 8 truck pricing also slipped in February, due to softness in the retail segment of the market, ACT reported. The update on the used market was reported in the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks.
“Our expectations for longer term pricing remain unchanged,” reported Steve Tam, vice president-commercial vehicle sector with ACT. “Prices will not necessarily fall in the long term, but their growth rate will slow. This projection is based on the assumption the availability of inventory will take the pressure off pricing as more new trucks are purchased and trade-ins ultimately become available as used trucks.”
The report from ACT provides data on the average used price for the top-selling Class 8 model for each of the major truck OEMs. For subscription information to the full report, visit ACT’s web site.
ACT publishes 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.
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