Preliminary reports show trailer OEMs in the US posted 11,100 net orders in June, 20 per cent above May orders, but 19 per cent below the same point last year according to ACT Research.
Final June volume will be available later this month. This preliminary market estimate should be within +/- 5 per cent of the final order tally.
“While the sequential increase in net orders was certainly welcome, a full response to actual fleet demand would have generated higher order volumes,” said ACT Research Director CV Transportation Analysis and Research, Frank Maly.
“Some OEMs, due to their extended backlogs, continue to be unwilling to book meaningful order volumes at this time.
“June’s negative year-over-year comparison for net orders was the first since May 2020, the tail-end of last spring’s Covid-depressed order activity.
“These preliminary results point to a backlog that still extends into late Q1 of next year on average, with dry van and reefer backlogs extending into Q2 of 2022 at current production rates. While total production did improve last month, the gains came from additional days in the production schedule.
“Preliminary analysis indicates OEMs were not able to achieve any significant increase in build rates during the month, as headwinds from material and component supplies, as well as staffing challenges.”