ACT: U.S. Trailer Net Orders Significantly Improve in June

According to ACT Research, June net U.S. trailer orders totaled 13,441 units, marking a 333% increase from May and an 112% increase from June 2019’s level. Before accounting for cancellations, new orders of 16,000 units were up 117% vs. May and 41% better on a year-over-year basis.

The data comes from ACT Research’s State of the Industry: U.S. Trailers report, which provides a monthly review of the current U.S. trailer market statistics, as well as trailer OEM build plans and market indicators divided by all major trailer types, including backlogs, build, inventory, new orders, cancellations, net orders and factory shipments. It is accompanied by a database that gives historical information from 1996 to the present, as well as a graph packet.

“It is important to remember that those comparisons are to exceedingly low orders during the first part of this quarter, when widespread COVID lockdowns were in place,” Frank Maly, director of CV transportation analysis and research at ACT Research, said. “That said, the improved sequential comparisons do indicate some fleets, after assessing current market conditions, are beginning to cautiously commit to capital expenditures.

“Discussions indicated that large fleet orders helped drive June results, meaning improvement is generally not spread evenly across all OEMs, and we expect that choppiness to continue as we move through the summer. OEMs continue to seek order/build equilibrium, and while some fleets are willing to make investment commitments, most continue to remain on the sidelines, despite some negotiations occurring to help generate order volume.”

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