April was on track to be a strong month for trailer sales. And now, ACT Research reports that the month actually finished stronger than expected, beating the group’s initial estimate of 23,100 by almost 1,000 more units. ACT Research said the trailer industry closed April 2018 with just below 24,000 net orders on the books.
“The final result outpaced our preliminary estimate, an indication of the continuing strength in trailer demand, even as we slide from order season to build season,” said Frank Maly, Director–CV Transportation Analysis and Research at ACT Research.
“Strength continues to be widespread, with only bulk tanks below last year’s volume,” said Maly. He continued, “The 17th consecutive month of y/y order gains was driven by solid freight demand and high freight rates that both encourage and provide the ability for fleets to continue to invest in equipment.”
Maly added, “While our build plan predictions remain unchanged, they are predicated on adequate component supply. We are hearing comments regarding component availability, particularly concern about tires, and these concerns are not surprising given that most truck and trailer OEMs are producing close to full capacity.”