Heavy Duty Trucking, August 2018
AUGUST 2018 HDT 59 WWW TRUCKINGINFO COM EQUIPMENT U S Class 8 Tractor and Trailer Orders Backlogs for Class 8 North American Total Class 8 and U S Trailers Used Class 8 Average Retail Selling Price 2011201220132014201520162017201801000020000300004000050000 U S TRACTORS U S TRAILERSMONTHS50000100000150000200000250000 NA CLASS 8 U S TRAILERSMONTHS20112012201320142015201620172018 40000 50000 60000 70000 80000MONTHS20112012201320142015201620172018 Over the course of the six months ending in May U S tractor orders posted their best ever six month order period in history with orders booked at a 302000 unit annualized rate For comparison orders over that period were up 128 from the comparable six months one year ago Trailer orders have been on fire since November 2017 Through YTD May orders for U S trailers have been booked at a 366000 units SAAR up 27 from very strong year ago comps SOURCE ACT RESEARCH In May the Class 8 backlog rose to 219600 units At Mays build rate the backlog to build ratio ended the month at 96 months In May U S trailer backlogs rose to a 28 month high of 165100 units up nearly 43000 units from May 2017 At Mays rate of production the backlog to build ratio stood at 65 months That is to say that at current build rates it would take 65 months to completely build out Mays backlog SOURCE ACT RESEARCH New vehicle production challenges that are limiting trade ins have thinned inventories and boosted valuations In May the average retail price of a used Class 8 unit rose to 51600 the second best valuation month in over two years Compared to last year prices were up 46 May was the third consecutive month of higher valuations SOURCE ACT RESEARCH
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