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February Net Trailer Orders Down 43% As Bookings Fall 26%
February Net Trailer Orders Down 43% As Bookings Fall 26%
Preliminary February net trailer orders fell by about 10,000 units from January’s 23,300, a 43% month-over-month decline, according to TheTrucker.com.
“Sequentially, a drop in net orders was expected, as the industry transitions from the strongest to the weakest order months of the annual cycle,” said Jennifer McNealy, director CV market research & publications at ACT Research.
“Trailer makers now will begin to take fewer orders and start to work down the backlog that grew during the peak of order season at the...
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