ACT: Trailer orders up 22% month-over-month, down 46% year-over-year

The graph shows that despite the somewhat positive order numbers for July 2019, the compared with the two previous years trailer orders were below 2017 and well below 2018. (Courtesy: ACT RESEARCH)

ACT Research: U.S. Trailer Net Orders Hit 1st Sequential Increase in 9 Months, but Are Down 46% on a YTD Basis

COLUMBUS, Ind.  – New U.S. trailer orders of 13.900 were up 22% month-over-month, and after accounting for cancellations, net orders of 10.300 hit their first sequential increase in nine months, rising 64% from June.

Year-to-date, however, net trailer orders are 46% below last year, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailer Report.

“July’s robust month-over-month comparison is the result of June’s volume being the weakest net order posting since September 2009,” said Frank Maly, director–CV transportation analysis and research at ACT Research. “In a surprising dichotomy, July’s net was 64% below the same month last year, and while the sequential gain was a welcome reversal of recent trend, the volume was still disappointing.”

Maly said reports indicate that additional OEMs opened their 2020 order boards, but the response of fleets to the opportunity for production slots this year was distressing, given that only a few months ago, fleets were clamoring for additional equipment.

“They now appear to be very reticent to commit the investment, which isn’t unexpected given economic uncertainties, tariff concerns, lackluster freight volumes, and the resulting rate pressures,” Maly said.

ACT Research is a leading publisher of commercial vehicle truck, trailer, and bus industry data, market analysis and forecasts for the North America and China markets. ACT’s analytical services are used by all major North American truck and trailer manufacturers and their suppliers, as well as banking and investment companies.

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