COLUMBUS, Ind. — Net orders of commercial trailers rose 14% in August, according to the latest US Trailers report issued by ACT Research.
Better yet, net trailer orders were up 69% over August, 2008.
The August numbers mark the second consecutive year-over-year gain for the US trailer industry. However, year to date, commercial trailer orders are still down 35% over the same period of 2008, ACT reports. When comparing June-July-August orders, however, net orders are up 16% this year.
“While recent order trends indicate the industry is no longer contracting, demand conditions are still about half of normal replacement levels. It is too early to celebrate a recovery,” said Kenny Vieth, partner and senior analyst with ACT Research. “On a bright note, July and August are typically the weakest order months of the year, hinting that modest sequential improvement could continue in the coming months.”
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