September numbers show spike in trailer orders

September numbers show spike in trailer orders

ACT Research: "While this certainly is a welcome sign for the industry, one month of robust orders does not guarantee the full year."

According to the latest preliminary data from ACT Research, September net trailer orders increased sequentially, to 31,300 units, up 19% versus last September.

“Preliminary net orders, at 28,700 seasonally adjusted, were 95% higher sequentially,” said Jennifer McNealy, director CV market research and publications at ACT Research. “While this certainly is a welcome sign for the industry, and the first time in 2023 that year-over-year comparisons have been positive, one month of robust orders does not guarantee the full year. It’s still too early in the new year order season to call.

“The data continue to provide mixed messages, with cancellations remaining elevated, driven primarily by the van segments, both dry and reefer, even as backlogs remain at healthy, albeit shorter, levels,” McNealy continued. “In August, the BL/BU ratio was north of five months in aggregate, with some specialty segments having no available build slots until the beginning of 2025. We’ve been hearing that order discussions were occurring, and it looks like quotations are beginning to convert to ‘booked’ business.”

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