ACT November trailer orders ACT

ACT: Record-setting pace for trailer orders continues

Trailer OEMs post fifth best month in industry history, with 43,600 orders booked in November

ACT’s preliminary estimate for November 2018 net trailer orders is 43,600 units. 

Final volume will be available later this month, ACT said. The company’s methodology allows it to generate a preliminary estimate of the market that it expects to be within +/- 3% of the final order tally.

“Trailer orders continued to set records in November,” said Frank Maly, ACT’s director of commercial vehcile transportation analysis and research. “Led by dry vans, OEMs saw the highest November order volume in history. Dry van volume has been a consistent influence in the market; September, October, and November ranking as the first, second, and third highest dry van order months ever recorded. That resulted in the last three months taking three of the top five volume spots for total industry orders in history.

“The order strength in both tractors and trailers indicate fleets continue to plan ambitious investment levels in the upcoming year, as they continue to join the ever-extending order queue.”

The record-setting order flow has had a major impact on trailer industry backlogs, ACT said.

“We show the industry’s total order board closed November at nearly 239,000 trailers. That’s the highest level on record, breaking the previous mark set in December 1994,” Maly said.

At current production rates, on average, industry backlog stretches well into the third quarter of next year. As is the norm, dry vans and reefers are both out longer, extending into the fourth quarter of 2019, while vocational trailer categories have shorter, but still very robust horizons.

 

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