728 banner ad
220 banner ad

August Preliminary U.S. Trailer Net Orders Jumped Almost 50% From July

| September 16, 2020

ACT Research says preliminary information for August indicates that the U.S. trailer industry booked 27,500 net orders

Preliminary information for August indicates that the U.S. trailer industry booked 27,500 net orders for the month, a 46% improvement from July and more than 150% better than the same month last year. Before accounting for cancellations, new orders approached the 29k mark. Both new and net orders were the best in their respective categories since last October. Final volume will be available later this month. This preliminary market estimate should be within +/- 3% of the final order tally.

“The industry continues to improve from meager COVID-induced Q2 volumes. Discussions indicate that large fleet orders are the driving factor in recent market improvements. After very weak expectations in late spring, fleets have switched to a much more optimistic tone, supported by both improved freight volumes and rates,” said Frank Maly, Director CV Transportation Analysis and Research at ACT Research. He added, “OEMs have adjusted their operations in response. As a result, some fleets could be becoming concerned about the timing and availability of trailers in the new year, making CAPEX commitments as a result. At current production rates, the industry orderboard extends into the middle of Q1’21.”

Category: Cab, Trailer & Body New, Equipment, Featured, General Update, News, Vehicles

Comments are closed.