Connect with us
Trailer-Prelim-Graph-9-19-19

Heavy-duty

Trailer preliminary net orders up fractionally, trail last year

ACT Research’s preliminary estimate for August 2019 net trailer orders is 10,500 units. Final volume will be available later this month. This preliminary market estimate should be within +/- 3% of the final order tally, ACT says.

Advertisement

David Sickels is the Associate Editor of Tire Review and Fleet Equipment magazines. He has a history of working in the media, marketing and automotive industries in both print and online.

Trailer-Prelim-Graph-9-19-19

ACT Research’s preliminary estimate for August 2019 net trailer orders is 10,500 units. Final volume will be available later this month. This preliminary market estimate should be within +/- 3% of the final order tally, ACT says.

Advertisement
Click Here to Read More
Advertisement

“On the positive side, total orders were up 7% versus July. However, cancellations pulled the net order results down to a 2% sequential gain. Indications were that cancels were highest in the industry’s core product categories, dry vans, reefers and flatbeds, indicating fleets and dealers are still reassessing their true equipment needs for the remainder of this year,” said Frank Maly, ACT’s director of CV transportation analysis and research.

Considering normal seasonal patterns along with the widespread opening of 2020 orderboards, ACT says a more significant sequential order improvement would have been expected.

“On a seasonally adjusted basis, net orders actually declined 14% from July,” Maly added. “That indicates market pressures of economic uncertainty, lower freight volumes and rates, as well as tariff concerns, are all causing fleets to closely assess their investment plans and very cautiously extend their commitments into next year.”

Although some order improvement should occur in upcoming months, the pace may well be slower than historic order patterns would predict, ACT reports. Additionally, production rates increased versus July, so when the shrinking orderboard is taken into account, the total industry backlog-to-build horizon remained in mid-January for the second consecutive month.

Advertisement

POPULAR POSTS

Sponsored Content

Tough vocational suspensions that go easy on your drivers

Sponsored Content

Interior Corrosion – Public Enemy Number One to Semi-Truck Cabs

Connect
Fleet Equipment Magazine