ACT’s preliminary estimate for U.S. net trailer orders for July is 9,950 units. Final July volumes will be published later this month.

“Commercial trailer net orders fell over 25% sequentially in July and are less than half of the same month last year. While July is the industry’s weakest order month from a seasonal perspective, the m/m tumble was more than double that projected by seasonal patterns,” said Frank Maly, ACT’s Director CV Transportation Analysis & Research.

“July’s results appear to be impacted by both seasonal and cyclical pressures. New order placement was weak, as fleets continue to evaluate their investment plans in the face of a lackluster economy and resulting impact on both freight rates and volumes.”