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Thursday, April 22, 2021

Trailer Industry Backlogs Remain Unchanged in February

COLUMBUS, IN – Despite declining from January levels, February commercial orders were strong enough to maintain industry backlogs. Caution, but not retrenchment, seemed to be the watchword for the trailer industry in February, as the month started softly and then picked up momentum. This update on industry performance was reported in the latest State of the Industry: U.S. Trailers published by ACT Research Co. (ACT).

“Total new orders for trailers were just under 20,000 units, down 8% month over month, while net orders of 18,160 were down 11%,” said Frank Maly, Director-CV Transportation with ACT Research. “Cancellations for most trailer categories continued to be benign,” he added. The industry ended February with a 6% increase in inventory.
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.