Net orders for trailers in North America improved in August, according ACT Research Co. The company announced a total of 15,370 units. Applying August’s seasonal factor brought the order total to 18,200 units.
“Looking at it through a seasonal lens, August’s volume was the best since April,” said Frank Maly, Director, CV Transportation at ACT Research. “While improved, annualising August’s seasonally adjusted order volume generated a lackluster 219,000 annualised 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.”