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.

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