This update on industry performance was reported in the latest State of the Industry: U.S. Trailers published by ACT Research Co. (ACT). "Looked at through a seasonal lens, August's volume was the best since April," said Frank May, Director-CV Transportation with ACT Research. "While improved, annualizing August's seasonally adjusted order volume generated a lackluster 219,000 annualized rate of order intake. Orders on a seasonal basis below the build trend is an indication of fleets' unwillingness to expand investment when the outlook is particularly opaque. Orders typically occur below the rate of build in Q3. Combined with slower economic activity and rising uncertainty, orders are expected to remain soft into Q4."
ACT is a publisher of new and used commercial vehicle 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.
Source: ACT Research
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