August trailer orders improve – a little
Net orders for trailers improved in August, 2012, rising to 15,370 units. Applying August’s seasonal factor brought the order total to 18,200 units.
This update on industry performance was reported in the latest State of the Industry: U.S. Trailers published by Americas Commercial Trucking (ACT) Research Co.
“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.”
Maly says orders on a seasonal basis below the build trend are an indication of fleets’ unwillingness to expand investment when the outlook is particularly opaque. He says 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,” he reveals.
For more information on ACT visit http://www.actresearch.net.