Trailer orders cooled off in July, falling short of the expectations of industry forecaster ACT Research.
July's net orders totaled 12,739 units, down 17% month-over-month, according to the latest US Trailers report by ACT Research.
"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."
One positive note is that cancellations continue to be low, Maly added, indicating that equipment on the order boards is truly needed.
