July net orders of 19,280 trailers were up 37% year-over-year, and year-to-date net orders of 179,000 are up 44% over the same period last year, according to State of the Industry: U.S. Trailers, published by ACT Research Co. (ACT).
“Although orders declined 12% month-over-month, that was in line with seasonal expectations, said Frank Maly, Director – CV Transportation Analysis and Research at ACT.
Maly said that although cancellations have gradually trended upward the last few months, they have not reached a level of concern. Most trailer categories posted cancellation rates in the low-to-mid single digits.
“Long lead times will continue to be the norm, as backlogs currently commit production for the remainder of this year,” he added.