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Planning Ahead - Cautiously Optimistic

Leeds Trailers is cautiously optimistic regarding the remainder of 2022, despite the major economic challenges currently facing the UK.

Business was buoyant during the first six months of our financial year, although we have seen a sharp decrease in demand for flat trailers, as steel prices continue to climb.

The industry as a whole has been impacted by rising steel costs.

The “price hike” has been triggered by a number of factors including the Russian invasion of Ukraine, the spiralling cost of raw materials and unprecedented increases in gas, electricity and diesel prices.

Leeds Trailers’ Managing Director, Neil Martin said: “Our trading figures for the first half of our financial year were very encouraging and our sincere thanks to our solid and expanding client basis for their continuing loyalty and support.

“Demand remains high and we currently only have flat trailers available in the yard.

“Lead times for new trailers still stand at six to nine months and we are expecting deliveries of both box and curtain trailers later this month (July), with more to follow in November and February next year.”

Neil added that the Leeds Trailers’ team is doing all it can to keep prices as competitive as possible but uncertainty remains, due to market volatility and availability of commodities such as steel and timber.

He said: “Like everyone, we have concerns regarding the general economic situation and how this may impact consumer demand as the road haulage industry is usually a good barometer for the UK’s economic performance overall.

“However, we do expect trailer demand to pick up in the late Autumn and we are cautiously optimistic at this point, regarding the months ahead.”

If you’d like to discuss future demand, please don’t hesitate to give us a call – it’s always good to hear from you!