Trailer Orders Expected to Stay Soft in Fourth Quarter
COLUMBUS, IN — Net orders for trailers rose to 15,370 units in August, ACT Research said today. Applying August’s seasonal factors, order total was 18,200 units.
“Looked at through a seasonal lens, August’s volume was the best since April,” said Frank Maly, Director-CV Transportation with ACT Research.
“While improved, annualizing August’s seasonally adjusted order volume generated a lackluster 219,000 annualized rate of order intake. Orders on a seasonal basis below the build trend is an indication of fleets’ unwillingness to expand investment when the outlook is particularly opaque. Orders typically occur below the rate of build in Q3. Combined with slower economic activity and rising uncertainty, orders are expected to remain soft into Q4.”
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