Trailer Orders Grow in July Despite Decline in Dry Vans: ACT

Aug. 21, 2015
Trailer net orders in July, at more than 20,300 units, declined 27% from the unsustainable 27,900-unit June pace, but still managed to rise 7% on a year-over-year basis despite a drop in the dry-van market.

Trailer net orders in July, at more than 20,300 units, declined 27% from the unsustainable 27,900-unit June pace, but still managed to rise 7% on a year-over-year basis despite a drop in the dry-van market, according to the most recent State of the Industry: U.S. Trailers published by ACT Research Co. (ACT).

“While total net orders were off 27% m/m, the majority of that decline was dry-van-related, a response to the unusually strong dry van volume in June,” said Frank Maly, Director–CV Transportation Analysis and Research at ACT. “Dry vans and flatbeds drove most of the slight jump in cancellations that occurred in July, with the flatbed shift reported to be the response to dealers bringing their inventories more in line with current demand.”

Maly noted that some pressure in vocational trailers is likely over the next few months, as the full impact of the recent energy price declines is yet to be seen.

He added, “Lower prices will continue to dampen exploration, as well as the accompanying equipment investment. Our view that 2015 will be the best trailer market since the late 1990s remains unchanged.”