Trailer orders sink in July
Trailer order volume fell below expectations in July according to the latest State of the Industry: U.S. Trailers published by ACT Research Co. (ACT).
July net orders of 12,739 units were down 17 percent month-over-month, ACT says.
“July net orders at a seasonally adjusted annual rate were a disappointing 201,000 units,” Frank Maly, director-CV transportation with ACT Research, says. “As we noted last month, production levels continue at rates well above new order intake. While the manufacturers did adjust their build rates in July, without some additional order support, further modification could be needed to keep the backlog to build ratio at an acceptable level.”
A positive note, according to Maly, is that cancellations continue to be low, indicating that equipment on the orderboards is truly needed.
ACT is the worldwide leading publisher of new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market, as well as the U.S. tractor-trailer market and the China CV market.