Trailer Orders Below Expectations in July

Trailer order volume was below expectations in July according to new data just in from ACT Research.

July net orders of 12,739 units were down 17% month over month. This update on industry performance was reported in the latest State of the Industry: U.S. Trailers published by ACT Research Co. (ACT).

“July net orders at a seasonally adjusted annual rate were a disappointing 201,000 units,” said Frank Maly, Director-CV Transportation with ACT Research. “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,” he added. One positive note is that cancellations continue to be low, indicating that equipment on the orderboards is truly needed.  More info at: ACT Research.

Category: General Update