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Trailer Orders Nonetheless Subdued in June

June trailer orders got here in at 11,000 models, about 20% beneath the identical level final yr, FTR reported.

Supply: FTR

Whereas trailer orders in June got here in above their weak Could numbers, orders have continued to melt in comparison with 2020 order numbers.

June trailer orders got here in between 11,000 and 11,100 models, about 20% to 24% beneath the identical level final yr, FTR and ACT Analysis officers reported, respectively.  Orders had been between 16% and 20% above Could numbers, the analysis officers reported independently.

The unfavorable year-over-year comparability for web orders was the primary since Could 2020, the tail-end of final spring’s COVID-depressed order exercise, ACT Analysis officers mentioned in a press launch.

“Whereas the sequential improve in web orders was actually welcome, a full response to precise fleet demand would have generated larger order volumes. Some OEMs, resulting from their prolonged backlogs, proceed to be unwilling to e book significant order volumes right now,” mentioned Frank Maly, director of economic automobile transportation evaluation and analysis at ACT Analysis.

Maly added: “These preliminary outcomes level to a backlog that also extends into late Q1 of subsequent yr on common, with dry van and reefer backlogs extending into Q2 of 2022 at present manufacturing charges. Whereas whole manufacturing did enhance final month, the beneficial properties got here from further days within the manufacturing schedule. Preliminary evaluation signifies OEMs weren’t capable of obtain any important improve in construct charges in the course of the month, as headwinds from materials and part provides, in addition to staffing challenges, proceed.”

Order exercise was constrained, FTR officers clarify, nonetheless vocational trailer orders had been regular, as there are nonetheless open construct slots in these segments. The economic sectors of the economic system recovered slower than the buyer facet, delaying the demand for flatbeds and tank trailers, FTR officers mentioned.

 “The market is in a holding sample till ordering for 2022 shipments begins,”mentioned Don Ake, FTR vp of economic autos. “Demand for trailers stays strong, as fleets try to maneuver an growing quantity of freight throughout a scarcity of Class 8 vans. Fleet capability is extraordinarily tight. Trailer manufacturing can also be constrained by provide chain disruptions and labor shortages.”

He added: “Orders are anticipated to set information as soon as the order boards for 2022 are opened. Trailer demand is predicted to be sturdy all through subsequent yr. Nevertheless, the precise demand for trailers is not going to be ascertainable till the availability chain issues dissipate. The manufacturing scenario for early 2022 may very well be difficult if OEMs can not construct all of the orders presently on the books in 2021.”

Trailer orders for the previous twelve months whole 364,000 models, in keeping with the FTR.

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