Preliminary estimate for U.S. net trailer orders slipped to 14,250 units in May, according to ACT Research. Final May numbers will be published later in the month.
“Although commercial trailer orders have been progressing at a better pace than Class 8 volumes, the expected seasonal slowdown in order placement has begun,” said Frank Maly, ACT’s Director CV Transportation Analysis & Research.
“Historical patterns would show a slower May comes from a combination of softer gross orders along with some mid-year adjustments to orders previously booked with OEMs.” He added, “A slower overall economy has resulted in lower freight demand. That, along with a continual reassessment of equipment needs by fleets, also impacts market condition.” These preliminary results point to net orders down roughly 16% from April and down almost 12% from the same month last year.
This information has been developed using a new methodology that should allow us to generate an estimate for total U.S. net trailer orders that will be within +/-5% of the final order number. For perspective, last month, the first month this new methodology was publicized, the preliminary estimate was within 1.5% of the final report.
For more information on ACT, go to www.actresearch.net.