ACT Research announced Wednesday preliminary net trailer orders dipped in January to 24,200 units, 22,000 units when seasonally adjusted.
“We expected net orders to slow in January, after the explosion of orders in 2022’s final quarter. Despite the anticipated sequential decline, preliminary net orders were only 9% lower compared to the same month last year,” says Jennifer McNealy, director, CV market research and publications at ACT Research. “This month’s data is simply a return to more normal levels, following the year-end surge.”
McNealy adds almost as soon as a build slot is available, “there is a fleet ready to fill it with an order. Demand remains strong, and with the backlog-to-build ratio near the 10-month mark, on average, fleets needing trailers continue to stay the course.”