ACT Research: June 2019 Trailer Industry Preliminary Net Orders down 41% from May and 69% Below Last Year; Volume of 6,200 Units Lowest in Almost 10 Years
ACT’s preliminary estimate for June 2019 net trailer orders is 6,200 units. Final volume will be available later this month. This preliminary market estimate should be within +/- 3% of the final order tally.
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ACT Research: June 2019 Trailer Industry Preliminary Net Orders down 41% from May and 69% Below Last Year; Volume of 6,200 Units Lowest in Almost 10 Years
1. Americas Commercial Transportation Research Co. LLC
4440 Middle Road, Columbus, Indiana 47203
Telephone: (812) 379-2085 Fax: (812) 378-5997
E-Mail: trucks@actresearch.net
_______________________________
July 16, 2019
FOR IMMEDIATE RELEASE
ACT Research: June 2019 Trailer Industry Preliminary Net Orders down 41% from May
and 69% Below Last Year; Volume of 6,200 Units Lowest in Almost 10 Years
COLUMBUS, IN – ACT’s preliminary
estimate for June 2019 net trailer
orders is 6,200 units. Final volume will
be available later this month. This
preliminary market estimate should be
within +/- 3% of the final order tally.
“Several aspects of June trailer orders
were disappointing. Total new orders
continued to slide, coming in below
12,000 units. However, that weakness
was exacerbated by sustained strong
cancellations. Once those are taken
into account, preliminary net orders
came in at 6,200 trailers, the lowest
monthly volume since September of
2009. Seasonal adjustment provided
little support, with volume edging just
over 7,000 units after adjustment,” said
Frank Maly, ACT’s Director of CV
Transportation Analysis and Research.
He added, “Despite indications earlier this year that fleets were anxious to place orders for 2020,
discussions now indicate that fleets may have shifted to an extremely conservative stance. Softer freight
volumes combined with lower rates could well be generating a reassessment of 2020 investment plans.
Furthermore, cancellations continue to be strong, and that churn in the backlog is likely impacting this
year’s fourth quarter. That’s an indication that this year may well close on a very weak note, setting a
troublesome foundation for 2020.”
Despite the very disappointing order report, production continued at a brisk pace last month. Preliminary
results indicate June will likely rank as the 6th best production month in history, with all of those top six
occurring since last August. Backlogs commit the industry into mid-December at current build rates.
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.
For more information about ACT’s State of the Industry: US Trailer Report, go to http://
www.actresearch.net/services/publications/state-of-the-industry-u-s-trailers/.