May Trailer Net Orders Up 52% Year over Year
The trailer industry booked 22,300 net orders in May according to the most recent State of the Industry: U.S. Trailers published by ACT Research.
“May net orders rose 52% year over year,” said Frank Maly, Director – CV Transportation Analysis and Research at ACT.
“Backlog, build, inventory and shipments were all off from April, but the changes were minimal, all less than 1% on a month over month basis. This stability provides a solid foundation for the industry as we move into the summer and fall build season,” he added.
Maly said that production rates should remain relatively unchanged over the next few months and the orderboard should continue to support the industry to the next order season this coming fall.
Category: Cab, Trailer & Body New, General Update
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