Trailer order decline outpaces production slump
Americas Commercial Trucking (ACT) Research says that July is seasonally the weakest order month for the trailer industry.
The 14,500 new orders booked for July, 2012, confirmed that pattern. Orders were down 5.9% m/m.
“The net order picture was a bit stronger than new orders, but still down 2% month-over-month,” says Frank Maly, director-CV Transportation with ACT Research. “Additionally the decline in orders outpaced the slide in production, resulting in the lowest level of backlogs since last December.
Maly says that July shipments were up 14.8% year over year, although they were down 12.6% from June. He reiterated that confidence and availability of funds are at the center of the pullback by credit buyers, impacting ongoing trailer order demand.
For more information on ACT, please visit http://www.actresearch.net.