Preliminary reports show trailer OEMs posted 28,500 net orders in September, according to ACT Research.
That was a 130% sequential surge over August, but trailed the same month last year by 45%. Final September volume will be available later this month. This preliminary market estimate should be within +/- 5% of the final order tally.
“We’ve been awaiting the opening of the 2022 orderboard, and that finally occurred during September,” said Frank Maly, director CV transportation analysis and research at ACT. “While demand remains very strong, that action was not universal as the market was a mix of OEMs accepting orders while some remain on the sidelines. Concerns about component and materials pricing and availability, as well as staffing challenges, were noted as the major reasons for continued reticence in order acceptance.
“The major impetus in September came from dry van orders, which will extend already long lead times further into next year. There was also a notable churn in the backlog, as new orders approached 34,000 trailers for the month. That means cancellations came in at the highest level since April of this year, but it appears many were due to cancel/re-orders, as some delivery commitments likely shifted from 2021 to 2022.
“With fleet demand still strong, expect further order strength in upcoming months, as more OEMs begin to book orders for the new year.”
ACT Research’s State of the Industry: U.S. Trailers report provides a monthly review of the current U.S. 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 and trailer OEMs and suppliers, to better understand the market.