Trailer manufacturers received orders for 15,660 trailers in May, down 30% when compared against some very strong orders the previous month, according to the latest State of the Industry: U.S. Trailers published by ACT Research Company (ACT).
ACT describes May’s volume as being in line with seasonal expectations.
“Cancellations continue to be a non-issue for the industry, although they did increase month over month in May,” said Frank Maly, director of commercial vehicle transportation with ACT Research. “It was evident that some fleets reassessed their commitments for the second half of the year, since cancellations were at 7.9% 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% year over year.
ACT provides new and used commercial vehicle industry data, market analysis, and forecasting services for the North American market, as well as the U.S. tractor-trailer market and the China commercial vehicle market. For more information, visit http://www.actresearch.net.