Page 1 - NTDA Market Outlook Q1 2024

Economic Overview

NTDA MARKET
Mixed Messages, Chances of a Recession,
Inflation Trends, Commodity Prices

OUTLOOK

Trailer Orders
Most semi-trailer dealers anecdotally report that order cancellations at the end of
2023 were cause for concern. Dry van sales are also anedoctally off signifcantly for
2024. Dealer outlooks through 2024 has not improved based on soft sales based on
low freight rates. Preliminary net data for the month showed orders fell 21% to 20,500
units from 25,800 in February 2023 but jumped 49.6% from the 13,700 units ordered in
January, according to ACT Research.
Continued on Page 3

THIS ISSUE…

S&P Global: Manufacturing Conditions Improve at Fastest Pace Since
N DA PAGE July 2022
07

NATIONAL TRAILER DEALERS ASSOCIATION
Trailer Orders
70000 Canada Wholesale Sales
NATIONAL TRAILER DEALERS ASSOCIATION 60000 50.00%
9864 E. Grand River Ave. 50000 40.00%
Ste. 110-290 40000 30.00%
Brighton, MI 48116 30000 20.00%
20000 10.00%
Direct Dial: (810) 229-5960 10000 0.00% Jan Feb March April May June July Aug Sept Oct Nov Dec
Toll-free: (800) 800-4552 0 Jan Feb March April May June July Aug Sept Oct Nov Dec -10.00%
www.ntda.org 2024 2023 2022 2024 2023 2022

US ECONOMIC CANADA ECONOMIC
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www.linkedin.com/company/ PAGES 08–25
national-trailer-dealers-association/ PAGES 26–27

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