Trailer orders for August remain in a low holding pattern at 10,400 units, up 1 percent month over month, and down 71 percent compared with August a year ago, according to FTR.
Cancellations were elevated for the third consecutive month as fleets evaluate their requirements for the rest of the year and backlogs fell for the eighth straight month and are now at their lowest level since late 2017. However, trailer production stayed strong at near-record levels in August. Trailer orders for the past 12 months now total 300,200 units, FTR reports.
“Trailer orders should begin to rise in September as a few fleets place orders for 2020. It is anticipated that order activity will significantly improve in October and subsequent months as the market begins to return to traditional ordering patterns,” says Don Ake, FTR vice president, commercial vehicles.
“Trailer demand is expected to ease back in 2020 after setting a new production record this year. Dry van and refrigerated van activity should remain decent; however, flatbed and dump trailer sales will suffer from a weaker industrial economy,” Ake says.
