According to the latest State of the Industry: U.S. Trailers report published by ACT Research Co. (ACT), new and net trailer orders in October reached their highest levels since April and May, checking in at 19,408 units and 17,384 units, respectively. ACT noted that, taking seasonality into account, October’s backlog rose a modest 1.5% month over month.
“With orders and production in line, there is nothing to suggest an upwards move from current production levels, at least not until we know the outcome of peak season orders,” said Frank Maly, director of CV Transportation Analysis & Research with ACT.
“Component availability appears to have reached a comfortable equilibrium with current production rates,” he added.
ACT is a worldwide 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.