Trailer Orders Up 43% from July 2016, Down from June
Preliminary estimates from ACT Research indicate that the trailer manufacturing industry recorded 14,450 July orders for trailer units
“We saw continued strong year-over-year net order performance last month. As has been the pattern, solid dry van commitments helped lead the total industry, with significant year-over-year gains in flatbed trailers occurring as well,” said Frank Maly, ACT’s Director of CV Transportation Analysis and Research.
He added, “July is historically the weakest order month of the year, as fleets pause to reassess their equipment needs for the remainder of the year. The 30% decline from June is directionally correct, but a bit more than we might have expected. However, when seasonally adjusted, July volume was more than 20,500 units, which approaches a 250,000-annual rate, both very strong results.”
So far this year, the trailer manufacturing industry has booked over 153k net orders, a 43% improvement. The shift by fleets to a more positive outlook coincided with last fall’s election, and is obviously ongoing. Maly continued, “Another positive for the industry is that cancellations remain low. Fleets are obviously standing firm with their order commitments, an indication of fleet confidence in the near-to-medium term outlook.”
By way of background, ACT is a publisher of new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market, as well as the China CV market.
Category: Cab, Trailer & Body New, Featured, News
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