Trailer orders strong in March: ACT Research
COLUMBUS, Ind. — Trailer net orders were up 26% month-over-month in March and 3.5% stronger year-over-year.
ACT Research reports strong orders coupled with low cancellations in its latest State of the Industry: US Trailers report.
“Large fleets continue to drive the market, and low cancellations show that orders are firm,” said Frank Maly, director, CV transportation analysis and research at ACT. “Trailer production was up 4% year-over-year. The industry continues to see a rebound in factory inventory after a strong year-end drawdown: inventory was up 13% m-o-m and 8% y-o-y. Comments regarding some pressure at the dealer level continue to be heard.”
He added that normal seasonal patterns indicate some further inventory gains in March.
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