May Net Trailer Orders Down 14% M/M, Up 27% YoY
ACT’s preliminary estimate for May net trailer orders is 17,850 units.
“Net orders were off approximately 14% m/m, but that was actually better than expected since historic order patterns call for decline in excess of 20% in May,” said Frank Maly, ACT’s Director of CV Transportation Analysis and Research.
He continued, “The major May story is the continuation of the 2016/17 order season momentum. After a very slow start last fall, orders have been up y/y every month since December, with both April and May posting y/y gains of 25% or better.”
Preliminary information shows that dry vans were the major contributor to the solid May performance. Maly concluded, “Dry vans, while off month-over-month as history projects, were up almost 50% versus last year. Flatbeds, dumps, and tanks also posted solid y/y results last month.”
Category: Cab, Trailer & Body New, Featured