Truck News reported that “U.S. trailer orders slid 28% from June to July, dropping to 17,000 units in the latest month.” Over the last year, total trailer orders have reached 275,000 units. While manufacturers remain cautious about accepting orders for next year’s build slots, limited openings are beginning to emerge.
Commercial vehicle analyst Charles Roth believes that “Amidst these uncertainties and production challenges, OEMs have continued to strategically manage backlog levels and maintain strong build rates. Under these conditions, order volumes are likely to improve in Q4 as OEMs begin filling their production schedules for 2023.” Learn more!