July—seasonally the weakest order month for the trailer industry—featured 14,500 new orders, down 2% over June, according to the latest State of the Industry: U.S. Trailers published by ACT Research Co. (ACT).
“The net order picture was a bit stronger than new orders, but still down 2% month over month,” said Frank Maly, Director-CV Transportation with ACT Research. “Additionally the decline in orders outpaced the slide in production, resulting in the lowest level of backlogs since last December.
“July shipments were up 14.8% year over year, although they were down 12.6% from last month.”
Maly reiterated that confidence and availability of funds are at the center of the pullback by credit buyers, impacting ongoing trailer-order demand.