Industry News: Around the Industry
Trailer Orders Decline in January
The decline in January tractor-trailer orders continued the monthly saw-tooth order pattern that started in October. Despite that month-to-month decline, orders were still strong enough to generate a small gain in January backlog. This update on industry performance was reported in the latest State of the Industry: U.S. Trailers published by ACT Research Co. (ACT).
“A total of 20,357 net orders were booked in January, down 34% from December’s unsustainable level,” said Frank Maly, Director-CV Transportation with ACT Research.
“However, January activity generally met our expectations that the new year might start a bit slow before gaining stride. The average seasonally adjusted annual rate for the last two months was 269,000 units, which gives a better perspective on the market,” he added. January backlogs increased to 5.3 months.
ACT is the worldwide leading publisher of new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market, as well as the U.S. tractor-trailer market and the China CV market. ACT’s CV services are used by all major North American truck and trailer manufacturers and their suppliers, as well as the banking and investment community in North America, Europe and China.
For more information on ACT, please visit http://www.actresearch.net.
ELFA Editorial Staff