ACT Research
Trailer Prelim Graph 5 12 22 627e5c4e5dad5

ACT: April trailer orders slide

May 13, 2022
Fleets log orders for 16,100 units, which is down 60% m/m as OEMs reluctant to push orderboard into next year ‘closely control’ acceptance

Preliminary reports show net trailer orders of 16,100 units in April, down almost 60% month-over-month, but up slightly from the same month last year, according to ACT Research.

Final April results will be available later this month.

“While seasonal patterns call for a sequential decline in net orders in April, preliminary reports indicate that volumes fell more than might have been expected,” said Frank Maly, director CV transportation analysis and research at ACT. “Just as dry vans provided solid support in March, they were responsible for the dramatically lower April bookings.

“While some may think recent economic challenges could be a contributing factor to the sequential decline, it’s more likely that a reluctance to push the orderboard horizon into next year is responsible, as OEMs continue to closely control order acceptance. Final reporting will likely show that these lower order levels will still result in an average backlog-to-build ratio of just over eight months for the total industry. That will stretch through the end of the year at current production levels.

“Our discussions indicate active negotiations between OEMs and fleets continue, as fleets prepare to make commitments for 2023 production, when that opportunity becomes available.”

ACT Research’s State of the Industry: U.S. Trailers report provides a monthly review of 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.

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