ACT’s preliminary estimate for U.S. net trailer orders in July totals 9,950 units, according to commercial vehicle analysts at ACT Research Inc.
“Commercial trailer net orders fell more than 25 percent sequentially in July and are less than half of the same month last year,” said Frank Maly, ACT’s director of commercial vehicle transportation analysis and research. “While July is the industry’s weakest order month from a seasonal perspective, the month over month tumble was more than double that projected by seasonal patterns.”
He added, “July’s results appear to be impacted by both seasonal and cyclical pressures. New order placement was weak, as fleets continue to evaluate their investment plans in the face of a lackluster economy and resulting impact on both freight rates and volumes.”
Meanwhile, ACT said the supply of Class 8 trucks rose faster than demand for the fifth time this year, according to the company’s most recent ACT For-Hire Trucking Index.
Kenny Vieth, ACT’s president and senior analyst, noted that the balance between supply and demand is still under attack from the widespread macro-inventory overhang. “Apparently the results of May and June showing demand rising faster than supply were a temporary anomaly and not the beginning of a trend,” Vieth said.
ACT is the worldwide leading publisher of new and used commercial vehicle industry data, market analysis and forecasting services for the North American market, as well as the U.S. tractor-trailer market and the China commercial vehicle market.