U.S. Trailer Net Orders Slide in September
A preliminary estimate for U.S. net trailer orders for September 2016 is 12,950 units — quite a slide downwards.
“Season patterns, which are based upon historical trends, indicated industry net order volume could push to a double-digit sequential gain in September. Our preliminary estimate shows a much weaker order pace, with net orders down approximately 16% from August,” said Frank Maly, ACT’s Director CV Transportation Analysis & Research.
Maly added, “An extremely strong September 2015 set a very high bar for y/y comparison; this estimate shows September volume approximately 65% below the same month last year. It is apparent that the 2016/17 trailer order season has stumbled out of the gates to a very slow start.
The caution frequently expressed by fleets regarding equipment investment this order cycle is very evident in September’s volume. On a positive note, initial reports indicate an easing in cancellation rates compared to recent months, although they do remain well above rates of this time last year.”
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