Preliminary estimates for U.S. net trailer orders in the month of September show 12,950 units, according to trucking industry analysts at ACT Research Inc. Final September volumes will be available later this month.
“Season patterns — which are based upon historical trends — indicated industry net order volume could push to a double-digit sequential gain in September,” said Frank Maly ACT’s director of commercial vehicle transportation analysis and research.
“Our preliminary estimate shows a much weaker order pace, with net orders down about 16 percent from August. An extremely strong September 2015 set a very high bar for year-over-year comparison. This estimate shows September volume approximately 65 percent below the same month last year.
Maly said, “It is apparent that the 2016/17 trailer order season has stumbled out of the gates to a very slow start. The caution frequently expressed by fleets regarding equipment investment this order cycle is very evident in September’s volume.”
On a positive note, Maly said, initial reports indicate an easing in cancellation rates compared to recent months, although they do remain well above rates of this time last year.
ACT is a leading publisher of new and used commercial vehicle industry data, market analysis and forecasting services for the North American market.