Preliminary net trailer orders rise

July’s preliminary net trailer orders in North America increased sequentially, but were lower against longer-term comparisons.

As the weakest order month of the year, July’s seasonally adjusted (SA) factor boosts the SA tally to 15,700 units. Final July results will be available later this month.

“Preliminary net orders, at 15,700 seasonally adjusted, rose more than 95 per cent sequentially and were the highest seasonally adjusted level since March,” said Director CV Market Research and Publications at ACT Research, Jennifer McNealy.

“With still high backlogs and 2024 orderboards only minimally open, it is still too soon for robust expectations.”

July’s preliminary data show cancellations, although still higher than desired, moderated after three months of broadly-based elevated cancellations, while backlogs remain healthy.

“Demand may be softening, but it’s far from falling off a cliff,” McNealy said.

In other news, Brazil’s Randoncorp credits internationalisation and diversification for its second quarter success.

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