According to ACT Research, U.S. trailer orders in June totaled 13,441 units, a more than 300% jump from May’s total of a little more than 3,100 trailers and 112% higher than June 2019’s level of around 6,200 units.
With trailer orders dropping to historically low levels in April, Xtra Lease has given the industry a little boost by ordering 4,000 new trailers for 2020.
According to preliminary reports from both FTR and ACT Research, trailer orders for April have dropped to a historic low.
According to a recent report from FTR, preliminary trailer orders for March are still being impacted by the COVID-19 pandemic, falling 54% from February to 6,500 units for the month.
Preliminary reports indicate trailer orders for December were down from the previous month and significantly down from the same time last year, according to ACT Research and FTR estimates.
As equipment ordering season for 2020 kicks off, October trailer orders hit the highest level since November 2018.
Trailer orders hit the highest level of 2019 in September, rebounding a bit from a slow year for equipment sales, and it could indicate that fleets are more optimistic about 2020.
“With 2020 [trailer] order boards fully open, the dramatic lack of fleet interest continues to astound."
New trailer orders in the U.S. recovered somewhat from an anemic June, increasing 22% month over-month and showing the first sequential month-to-month increase in nine months, according to ACT Research.
Trailer orders continued to slide in May as OEMs catch up on building orders from last year. But with few signs that ordering will pick up again this year and a slowing economy, could it mean lower prices for fleets in the future?