The start of the second half of the year continued to reflect the strength of the first six months with July net orders of 19,280 trailers, up 37% year over year. Year-to-date net orders of 179k are up 44% over the same period last year. This information was included in the most recent State of the Industry: U.S. Trailers published by ACT Research Co. (ACT).

“Although orders declined 12% month over month, that was in line with seasonal expectations, said Frank Maly, Director – CV Transportation Analysis and Research at ACT. Maly said that although cancellations have gradually trended upward the last few months, they have not reached a level of concern. Most trailer categories posted cancellation rates in the low-to-mid single digits. “Long lead times will continue to be the norm, as backlogs currently commit production for the remainder of this year,” he added.

ACT is the worldwide leading publisher of new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market, as well as the U.S. tractor-trailer market and the China CV market. ACT’s CV services are used by all major North American truck and trailer manufacturers and their suppliers, as well as the banking and investment community in North America, Europe and China.