A preliminary estimate by ACT Research has indicated June trailer orders will be up more than 50 per cent year-on-year.
With 20,375 units sold, June orders are expected to be 14 per cent up on May, ACT announced.
“Net orders have now grown year-on-year for the last seven consecutive months,” explained Frank Maly, ACT’s Director of CV Transportation Analysis and Research.
“Orders continue to track above expectations, as fleets continue on a positive investment path after last fall’s lackluster order season kick-off.”
While historical patterns do call for a sequential increase from May, Maly said the growth rate in total trailer net orders was more than double that projected by seasonal patterns.
Looking at industry segments, Maly noted, “Flatbeds and reefers posted the best m/m improvement, while the sequential growth in dry van net orders was similar to overall total industry results.
“When compared to last June, preliminary information shows that dry vans were the major contributor to the solid industry results. Dry van net orders were up nearly 125 per cent versus last year.”
Final June volumes will be revealed later this month.