Trailer orders down 9 percent from January, ACT says

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February net orders slid 9 percent from January volume and were 29 percent below the same month last year. (Courtesy: GREAT DANE)

COLUMBUS, Ind. — ACT Research’s preliminary estimate for February 2019 net trailer orders is 23,800 units.

Final volume will be available later this month.

ACT said its methodology allows the company to generate a preliminary estimate of the market that should be within +/- 3 [ercent of the final order tally.

“February net orders slid 9 percent from January volume and were 29 percent below the same month last year,” said Frank Maly, ACT’s director of CV transportation analysis and research.

“The sequential net order decline matches the industry order pattern of the past two years. With the majority of this year’s build slots already committed, and many OEMs unwilling to open next year’s order board this early, the potential for higher gross orders is somewhat limited at this point. Additionally, cancellations were roughly 1 percent of industry backlog last month. While not excessive, that generates some headwinds for net order volumes as well”

Maly said the order number was still solid, but a softer order count combined with stronger production volumes in February resulted in a 1 percent decline in industry backlog at month-end. “Backlog has remained relatively stable for the past four months, reaching an all-time high in December,” Maly said. “At current production rates, the order board commits the industry into November on average, although dry vans backlogs stretch into mid-December, while reefer commitments actually edge into next year.”

ACT Research is a publisher of commercial vehicle truck, trailer and bus industry data, market analysis and forecasting services for the North American and China markets.

For more information, visit www.actresearch.net.

 

 

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