FTR reports that trailer orders for April 2019 were 13,200 units, 40% below the same month in 2018. However, the low order level does not in any way reflect a softening of demand, the firm states, but rather the fact that many large OEM’s have filled their order boards for 2019. Backlogs remain hefty, with robust production levels.
Trailers orders for the past 12 months now total 364,000 units.
Don Ake, FTR vice president of commercial vehicles, commented, “We expect the backlogs to remain very healthy, supporting continued high build rates. Orders likely will stay at low volumes through the summer, or until OEMs open the 2020 order boards. OEMs have been cautious about taking longer-term orders due to uncertainty over future costs. Right now, the Chinese tariff situation is just adding to an already cloudy outlook.”
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