US net trailer orders fall in May, cancellations rise

May’s preliminary net trailer orders decreased and were lower against longer-term comparisons with 9,100 units projected to have been book during the months according to ACT Research.

“Preliminary net orders were 10 per cent lower compared to April’s intake and down 54 per cent versus the same month last year,” said ACT Research Director CV Market Research and Publications, Jennifer McNealy.

“Seasonal expectations call for orders to continue their pull back in the coming months, particularly given near record-level order backlogs, as trailer manufacturers normally spend mid-year working down the backlog ahead of next year’s orderboard opening in the fall.”

According to its research, the firm said it was seeing increased broad-based cancellations but, backlogs remained robust with relative backlog measurements for most trailer categories still near the top of their target ranges.

McNealy predicted that the trailer backlog should decrease by about 19,000 units to 194,000 when the complete May data is released.

In other news, trailer builders in the US are reporting soft demand for 2024, with concerns about labour shortages, reduced consumer spending and material supply availability and cost.

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