U.S. Trailer Orders Plummet, Fall Below Expectations
The preliminary estimate for U.S. net trailer orders in July is 9,950 units — a shockingly low number.
“Commercial trailer net orders fell over 25% sequentially in July and are less than half of the same month last year. While July is the industry’s weakest order month from a seasonal perspective, the m/m tumble was more than double that projected by seasonal patterns,” said Frank Maly, ACT’s Director CV Transportation Analysis & Research.
He added, “July’s results appear to be impacted by both seasonal and cyclical pressures. New order placement was weak, as fleets continue to evaluate their investment plans in the face of a lackluster economy and resulting impact on both freight rates and volumes.”
Category: Cab, Trailer & Body New, Featured
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