Final report indicates trailer orders fell 42 percent in June

Tps Logo Online Headshot
Updated Jul 29, 2019
act-research-resized-min

ACT Research trailer orders, June 2019ACT Research reported Friday U.S. trailer orders totaled 11,300 last month, a standalone 27 percent drop from May that was extended to 42 percent when accounting for cancellations.

Overall, ACT reports net orders finished around 6,000 units. Year-to-date orders are 43 percent below this point in 2018.

“This is the weakest monthly net order volume since September 2009, and is very disappointing since some OEMs indicated that they actually opened 2020 orderboards last month,” says Frank Maly, director, commercial vehicle transportation analysis and research, ACT Research. “Given that dramatic net order softness, it appears that fleets were not particularly willing to take quick advantage of the opportunity, and while conversations indicate that many deals are being discussed, fleets now seem to be in a more contemplative frame of mind than they were earlier in the year.”

Maly says it is possible the industry will see some traction with July results, but “lower freight volumes and lackluster rates appear to be foretelling a market that may not generate strong demand for extensive equipment investment.”

Learn how to move your used trucks faster
With unsold used inventory depreciating at a rate of more than 2% monthly, efficient inventory turnover is a must for dealers. Download this eBook to access proven strategies for selling used trucks faster.
Download
Used Truck Guide Cover