July net U.S. trailer orders of 16,997 units were 33 percent lower compared to last month, but more than 103 percent above the year-ago July level, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailers report.

“OEMS continue to negotiate with fleets, but with some 2023 orderboards opened in June, those efforts quickly moved to booked business, leaving a tougher month to which July orders were compared,” said Jennifer McNealy, Director–CV Market Research & Publications at ACT Research.

McNealy added, “Discussions in June indicated that some OEMs had opened part of their 2023 build slots, and in July we learned that further opening isn’t expected soon, as manufacturers continue to wrestle with rolling supply-chain disruptions, as well as challenges on the labor front. That said, demand remains strong, despite increased pricing, and cancellations, although ticking upward, are insignificant, as fleets in queue need the equipment and plan to stay in queue until orders are converted to deliveries.”