ACT Research announced this week its preliminary estimate for April 2018 net trailer orders at 23,100 units.
“April was the 17th consecutive month of year-over-year gains for net orders, an indication of strong fleet confidence in current business conditions, as well as a positive outlook as we move through the rest of this year. Solid freight rates and tight capacity continue to support fleet investment plans,” says Frank Maly, ACT’s director of commercial vehicle transportation analysis and research.
“While net orders were down roughly 23 percent from March, a decline is expected as we exit the industry’s normal October-through-March order season. A review of the latest order season shows almost 224,000 orders were booked, up nearly 30 percent from a year ago,” Maly adds.
“While heavily influenced by dry vans and reefers, the industry’s average backlog now extends deep into the fourth quarter. Depending on the OE and the trailer category, a fleet placing an order now may well receive a 2019 delivery date,” says Maly.
Final April volume will be available later this month. ACT’s methodology allows it to generate a preliminary estimate of the market that should be within +/- 3 percent of the final order tally.