Trailer order volume dropped below expectations in July, even with the appropriate seasonal perspective, reported ACT Research.
July's net orders came in at 12,739 units, down 17 percent month-over-month.
"July net orders at a seasonally adjusted annual rate were a disappointing 201,000 units," said Frank Maly, director-CV Transportation with ACT Research. "As we noted last month, production levels continue at rates well above new order intake. While the manufacturers did adjust their build rates in July, without some additional order support, further modification could be needed to keep the backlog to build ratio at an acceptable level," he added.
On the positive side, continue to be low, indicating that equipment on the order boards is truly needed, ACT noted.
