For U.S. trailers, backlogs at the end of May were 191,000 units. At around 24,000 units of build per month, the trailer industry was sporting a 6.6-month backlog/build ratio. For Class 8, backlogs at the end of May were 214,800 units, with the backlog/build ratio sitting at 7.1 months. A far cry from the 10-plus-month ratios witnessed in Q4’18, but compared to just about any other time in history, still very large. Worth noting: For both markets, backlog burn rates are around 15,000 units per month. Hence, without stronger orders, backlogs will continue to dwindle, especially through the historically weak summer order period.

Source: ACT Research


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