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ACT Research: Trailer orders strong in November

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David Sickels is the Associate Editor of Tire Review and Fleet Equipment magazines. He has a history of working in the media, marketing and automotive industries in both print and online.

Preliminary information for November indicates that the U.S. trailer industry booked 39,500 net orders for the month, according to ACT Research.

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While down 28% from October, November volume was nearly double that seen in the same month last year. The industry has now had six consecutive months with solid year-over-year gains in net orders, and November will likely rank in the industry’s top 10 months, ACT Research says.

ACT says final volume will be available later this month. This preliminary market estimate should be within plus-or-minus 3% of the final order tally.

“While November orders were down sequentially versus October, that matches the order pattern for last year. Remember that October was the third-best net order month in history, so that set up a tough comparison for the industry,” said Frank Maly, director of CV transportation analysis and research at ACT Research. “Dry vans have been the foundation of the recent order surge, and that pattern continued during November.

“While more than twice the pace of last November, dry van orders appear to be roughly two-thirds of October’s level,” he continued. “Freight rates continue at robust levels, resulting in solid expectations for fleet financials. That means fleets have both the need and ability to invest in equipment. Given concerns regarding availability and timing of production slots in 2021, since existing backlog extends to nearly the end of Q3 of 2021 at current production rates, fleets pulled their order timing forward this year, resulting in the October volume peak.”

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