. August 2008 marked the early phase of a subdued commercial vehicle market, according the latest State of the Industry: U.S. trailers by ACT Research.
August was the second straight month to see year-over-year gains for the trailer industry, in comparison to a depressed second half of 2008. However, year to date ending August, net orders are 35 percent below the same period in 2008. For the three months ending August, net orders for trailers are up 16 percent from the same period of 2008.
"While recent order trends indicate the industry is no longer contracting, demand conditions are still about half of normal replacement levels. It is too early to celebrate a recovery," said Kenny Vieth, partner and senior analyst with ACT Research. "On a bright note, July and August are typically the weakest order months of the year, hinting that modest sequential improvement could continue in the coming months."
More info: www.actresearch.net.