COLUMBUS, IN – The trailer industry booked 22,300 net orders in May according to the most recent State of the Industry: U.S. Trailers published by ACT Research Co. (ACT).
“May net orders rose 52% year over year,” said Frank Maly, Director – CV Transportation Analysis and Research at ACT. “Backlog, build, inventory and shipments were all off from April, but the changes were minimal, all less than 1% on a month over month basis. This stability provides a solid foundation for the industry as we move into the summer and fall build season,” he added. Maly said that production rates should remain relatively unchanged over the next few months and the orderboard should continue to support the industry to the next order season this coming fall.
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 https://www.actresearch.net.