Trailer orders down 46 percent year to date

Click to enlarge.Click to enlarge.

New U.S. trailer orders of 13,900 were up 22 percent month over month and, after accounting for cancellations, net orders of 10,300 hit their first sequential increase in nine months, rising 64 percent from June, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailer Report. Year to date, however, net trailer orders are 46 percent below last year.

“July’s robust month-over-month comparison is the result of June’s volume being the weakest net order posting since September of 2009,” says Frank Maly, ACT director, commercial vehicle transportation analysis and research.

“In a surprising dichotomy, July’s net was 64 percent below the same month last year and, while the sequential gain was a welcome reversal of recent trend, the volume was still disappointing,” Maly says.

“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 says.

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.
Used Truck Guide Cover