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ACT Research: U.S. Trailer Net Orders Continued to Drop in May, Down 54% Y/Y & 40% YTD

Posted by Jennifer McNealy on Jun 24, 2019 6:05:53 PM

Trailer Graph 6-24-19

 

 

New US trailer orders of 15.5k were down 16% month-over-month, but after accounting for cancellations, net orders slid to 10.5k units, down 28% from April. Year-to-date, net orders are 40% below last year, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailer Report. Near-record backlogs have filled 2019 build slots for many OEMs, and there continues to be resistance toward booking orders into next year, resulting in the order volume contraction.

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“We’re now running into very difficult year-over-year comparisons, as OEMs are generally unwilling to accept orders for 2020,” said Frank Maly, Director–CV Transportation Analysis and Research at ACT Research. He continued, “We hear that some OEMs may open their 2020 orderboards in June; if so, expect better comparisons in the months ahead.”

Additionally, Maly said, “However, given market pressures of strong capacity growth in the face of a slowing economy and tariff uncertainties, the anticipated order surge may not be as robust as many may assume.”

ACT Research is recognized as the leading publisher of commercial vehicle truck, trailer, and bus industry data, market analysis and forecasting services for the North American and China markets. ACT’s analytical services are used by all major North American truck and trailer manufacturers and their suppliers, as well as banking and investment companies. More information can be found at www.actresearch.net.

 

Click here for more information about ACT’s US Trailer Report.

 

ACT’s 61st seminar is scheduled for August 12-14, 2019, and will feature a dealer panel, as well as discussions on near-term demand of North American commercial vehicle markets and the impacts of tomorrow’s technical challenges. A global forecasting workshop is also being planned in conjunction with this semi-annual event. Click here for seminar information.

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Topics: transportation, Trailers, Press Releases

About ACT Research

We're the leading publisher of commercial vehicle industry data, market analysis, and economic forecasting services for the North American market.

 

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