ACT Research: July Net Trailer Orders More than Double Last Year; OEMs Book 29,300 Units for Strongest July in History

Posted on 16. Aug, 2018 by in Uncategorized

ACT’s preliminary estimate for July 2018 net trailer orders is 29,300 units. Final July volume will be available later this month. Our methodology allows us to generate a preliminary estimate of the market that should be within +/- 3% of the final order tally.

“After a steady June, fleets came roaring back into the market in July. OEMs had their strongest July net order volume in history, breaking a record that was set in 1994. Net orders were 102% better than last July and 45% above June volume. Considering July is, historically, the industry’s weakest order month, this performance is truly exceptional. Year-to-date, net orders of just over 200k trailers are up 30% from 2017,” said Frank Maly, ACT’s Director of CV Transportation Analysis and Research.

He added, “When seasonally adjusted, July came in above 44k units, the second strongest monthly reading in industry history. That converts to a stunning 528k SAAR. Both dry vans and reefers paced overall performance, closing the month with backlogs that now stretch into March of next year. While strength was evident across all industry segments, it is noteworthy that cancellations remain low, indicating strong fleet confidence as we move through the rest of this year and into next.”