ACT’s preliminary estimate for March net trailer orders is 21,500 units, a 45% increase over the same period a year ago and the fourth straight month with an increase.
Final March volume will be available later this month.
“Commitments have been delayed this order season, as fleets carefully monitored economic conditions and watched the political winds to determine their confidence regarding capital expenditures. Their shift from caution to a more optimistic outlook is evident when you consider net order volumes in each of the last four months has surpassed the same month of the prior year,” said Frank Maly, ACT’s Director CV Transportation Analysis and Research.
“While the 20% decline in net orders from February was a bit more than anticipated, March net orders were up a very solid 45% versus last year. The majority of that strength came from dry vans, which were roughly double last year’s level.
“The order season normally starts strong in late summer/early fall and closes the first quarter at a more moderate pace. This order cycle has proceeded in almost the opposite pattern. In fact, the longer-term perspective shows the total net orders booked from last September through March is now almost equal to the 2015/2016 order cycle volume.”