Net order intake in June was nearly 15.4k units, up a phenomenal 133% from May and 144% higher than the subdued level of orders accepted last June, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailers report.
“This puts the Q2 tally at 30.9k and the ytd order total at 92.0k units, 24% higher than the 74.4k bookings for the first half of 2024,” said Jennifer McNealy, Director–CV Market Research & Publications at ACT Research. “Worth noting, June’s net order jump likely is, in part, a pull-forward of activity ahead of anticipated price increases. At this point, weaker intake continues to be expected through at least mid-Q3 when the 2026 orderbooks open.”
“Reflecting ongoing uncertainty around market conditions, cancellations started to escalate in February. Buttressed by some astronomical tank order cancellations, this month’s rate as a percentage of backlog rose to 4.2%. Additionally, data continue to show high dry van cancellations,” McNealy concluded.
State of the Industry: U.S. Trailers Report Overview
ACT Research’s State of the Industry: U.S. Trailers report provides a monthly review of the current US trailer market statistics, as well as trailer OEM build plans and market indicators divided by all major trailer types, including backlogs, build, inventory, new orders, cancellations, net orders, and factory shipments. It is accompanied by a database that gives historical information from 1996 to the present, as well as a ready-to-use graph packet, to allow organizations in the trailer production supply chain, and those following the investment value of trailers, trailer OEMs, and suppliers to better understand the market.
ACT Research Overview
ACT Research is recognized as the leading publisher of commercial vehicle truck, trailer, and bus industry data, market analysis, and forecasts for the North America 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. ACT Research is a contributor to the Blue Chip Economic Indicators and a member of the Wall Street Journal Economic Forecast Panel. ACT Research executives have received peer recognition, including election to the Board of Directors of the National Association for Business Economics, appointment as Consulting Economist to the National Private Truck Council, and the Lawrence R. Klein Award for Blue Chip Economic Indicators’ Most Accurate Economic Forecast over a four-year period. ACT Research senior staff members have earned accolades including Chicago Federal Reserve Automotive Outlook Symposium Best Overall Forecast, Wall Street Journal Top Economic Outlook, and USA Today Top 10 Economic Forecasters. More information can be found at www.actresearch.net.
Additional Resources
Preliminary net trailer orders jumped nearly 8,800 units from May to June, a 133% month-to-month increase. At almost 15,400 units booked in June, order intake was 144% higher compared to June 2024. Seasonal adjustment (SA) at this point in the annual order cycle raises June’s tally to 23,400 units. Final June results will be available later this month. This preliminary market estimate is typically within ±5% of the final order tally.
“Lower June net order intake was expected, as it is one of the weaker order months of the annual cycle, so June data surprised to the upside. That said, OEMs have been sharing for the past several months that amid the lower order placements, they have seen a flurry of quotation activity,” said Jennifer McNealy, Director CV Market Research & Publications at ACT Research. She added, “While speculative, we suspect this may be a pull-forward of demand in advance of anticipated price increases. And although this is good near-term news, supporting build rates in 2025, concern remains that weak for-hire carrier profitability continues to be an ongoing challenge to stronger demand.”
She concluded, “With weak for-hire truck market fundamentals, low used equipment valuations, relatively full inventories, high interest rates, and the ambiguity of policy shifts still in play, ACT’s expectations for subdued build and order intake levels during 2025 remain intact. Additionally, preliminary data show cancel rates continue to be elevated, and in aggregate our standard notice that one month’s data does not make a trend is worth reiterating.”
- Orders: 15.4k, +133% m/m, +144% y/y
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