October trailer orders jump as 2023 orderboards open more fully

October trailer orders jump as 2023 orderboards open more fully

Preliminary reports show net trailer orders in October were 46,750 units, up 82% from September, and 168% higher than the same month last year. Final October results will be available later this month. This preliminary market estimate should be within +/-5% of the final order tally, according to ACT Research.

“With more 2023 orderboards opening, October net orders continued their upward trend,” said Jennifer McNealy, director CV market research and publications, ACT Research. “With the supply-chain constraints improving for trailer manufacturers, as well as their increasing nimbleness in meeting and mitigating those challenges, OEMs are more comfortable accepting orders, and this month’s preliminary data demonstrates that.”

McNealy concluded, “Demand remains strong. With backlog-to-build ratios above the 7-month mark, on average, fleets needing trailers are getting in queue and staying there.”

ACT Research’s State of the Industry: U.S. Trailers report provides a monthly review of the current US trailer market statistics, as well as trailer OEM build plans and market indicators divided by all major trailer types, including backlogs, build, inventory, new orders, cancellations, net orders, and factory shipments. It is accompanied by a database that gives historical information from 1996 to the present, as well as a ready-to-use graph packet, to allow organizations in the trailer production supply chain, and those following the investment value of trailers, trailer OEMs, and suppliers to better understand the market.

You May Also Like

Hydrogen ICE vehicle shipments to hit 400,000 by 2040

Hydrogen ICE vehicles are most attractive for when battery electric alternatives are unavailable or not fit for purpose.

New research from Interact Analysis shows that hydrogen ICE vehicles are in their infancy in terms of rollout. However, mass production is predicted to take off within five years. Although the costs of the engine and the vehicles themselves are relatively low, their running costs are currently high, making the total cost of ownership (TCO) unfavorable. This, coupled with the lack of refueling infrastructure required, means they are less attractive compared with fuel cell and battery electric alternatives. Hydrogen ICE vehicles require a series of minor changes compared with traditional ICE vehicles, including different spark plugs and other changes to materials. On their own, individual changes do not present too much of a challenge, but in combination the total cost of manufacturing the vehicle soars. In addition to this, adding greater complexity increases the potential risks once the vehicle is in mass production.

Five truck trend takeaways from January

Embrace the month and catch up on January’s popular stories and a bonus one too.

Transervice Logistics gets new VP of Northeast operations

Marc Fried will be VP responsible for maintenance and full-service lease operations in the Northeast.

How Decker Truck Line leverages technology to improve operating efficiency

Company ownership remains under the Decker family lineage with Dale Decker’s grandson, Donald, serving as chairman of the board and Donald’s son Dale enlisted as CEO.

Decker-Truck-Line---Mt.-Rainier,-WA-1400
Rockview Farms deploys Volvo LIGHTS project’s final two VNR Electric trucks 

Volvo Trucks deployed its first Class 8 Volvo VNR Electric trucks to fleet operators in 2019.

Other Posts

Controller Area Network: CAN for trailers explained

CAN you explain how the network works on trailers? After this story you can.

Trailer-CAN-Illustration.1-1400
ConMet, Stephens Pneumatics team on tank trailer telematics

The partnership focus is on making the roads safer through technology.

Economic downturn could be less severe according to latest data

Data from ACT Research reports the potential for limited interest rate increases.

finance-generic
Trailers have gotten smarter, but have fleets?

Where we’re at with trailer telematics.

trailer-telematics-Unscripted-1400