Trailerbodybuilders 8873 Act Research Trailer Orders July 0
Trailerbodybuilders 8873 Act Research Trailer Orders July 0
Trailerbodybuilders 8873 Act Research Trailer Orders July 0
Trailerbodybuilders 8873 Act Research Trailer Orders July 0
Trailerbodybuilders 8873 Act Research Trailer Orders July 0

ACT: Net July trailer orders hit record high

Aug. 17, 2018
Trailer manufacturers took orders for 29,300 units in July, according to a preliminary estimate by ACT Research.

Trailer manufacturers took orders for 29,300 units in July, according to a preliminary estimate by ACT Research.

Final July volume will be available later this month.

ACT’s methodology allows it to generate a preliminary estimate of the market that should be within 3 percent of the final order tally.

“After a steady June, fleets came roaring back into the market in July,” said Frank Maly, ACT’s director of commercial vehicle transportation analysis and research.

“OEMs had their strongest July net order volume in history, breaking a record that was set in 1994. Net orders were 102 percent better than last July and 45 percent above June volume. Considering July is, historically, the industry’s weakest order month, this performance is truly exceptional. Year-to-date, net orders of just over 200,000 trailers are up 30 percent from 2017.”

Maley said July, when seasonally adjusted, boasted more than 44,000 units, which is the second strongest monthly reading in industry history.

“That converts to a stunning 528,000 SAAR,” he said.

“Both dry vans and reefers paced overall performance, closing the month with backlogs that now stretch into March of next year. While strength was evident across all industry segments, it is noteworthy that cancellations remain low, indicating strong fleet confidence as we move through the rest of this year and into next.”

About the Author

TBB Staff