ACT Research: May trailer orders fall 30% over April
ACT Research said softer May trailer orders weren't a concern because the industry is past the prime ordering season.
The Trucker News Services
COLUMBUS, Ind. — New trailer orders of 15,660 trailers in May fell 30 percent month-over-month, but the result was mostly because of a comparison to a very strong April, ACT Research reported this week.
Meanwhile, ACT Research also reported that volumes for used Class 8 trucks slipped slightly in May because of the retail market slowing 4 percent month-over-month. Auction and wholesale segments saw month over month gains.
May’s volume was more in line with seasonal expectations.
“Cancellations for trailer orders continue to be a non-issue for the industry, although they did increase month-over-month in May,” Frank Maly, director-CV transportation, said. “It was evident that some fleets reassessed their commitments for the second half of the year, since cancellations were at 7.9 percent of new orders.”
Maly said that softer orders in May were not a concern, since the industry is now past the prime order season. Net orders were off only 1 percent year over year.
“The average selling price of total reported Class 8 trucks sold in May remains largely a ‘more of the same story,’” said Steve Tam, vice president-commercial vehicle sector, said. “Since January, prices have stayed within a very narrow band. This pattern is driven primarily by retail activity, which comprises about 70 percent of total reported Class 8 transactions so far in 2013. “Longer term softness is expected to be the order of the day.”
The report from ACT provides data on the average used price for the top-selling Class 8 model for each of the major truck OEM’s — Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo).
ACT is the worldwide leading publisher of new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market, as well as the U.S. tractor-trailer market and the China CV market.
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