Trailer Orders Falter Below 2020 in June 2021
All good things must come to an end. For trailer sales, which wavered at the start of the coronavirus pandemic but came back with a vengeance in June 2020, it appears that the skyrocket has begun to run out of fuel.
The Numbers
FTR and ACT Research are very close in their estimates this month, at 11,000 and 11,100 units, respectively. By standard metrics it is a so-so month for trailer sales, and it is slightly higher than May 2021 numbers. The fact that it is about 22% lower sales year-over-year, however, marks the end of a twelve-month era and leaves a sour taste in our mouths.
So what is to blame: a lack of supply in the trucking industry, or demand? Frank Maly of ACT Research says it is a combination of both.
“While the sequential increase in net orders was certainly welcome, a full response to actual fleet demand would have generated higher order volumes. Some OEMs, due to their extended backlogs, continue to be unwilling to book meaningful order volumes at this time.” Indeed, the numbers track orders, and it is hard to ask for more when you have not yet received your original order yet
Conclusion
Things do not look quite so bright for July 2021 either in this regard. In order to surpass its predecessor, it will need to have approximately 20,000 units ordered, a month-over-month increase of around 82%.
We have been surprised before, we certainly did not expect the trucking industry to rebound only after three months of lockdown quarantine, so perhaps we will just have to wait and see. In any case, the chain for trailer orders is officially broken.
Top Trending Trucking Articles
- Congress Considers Side Guards for Trailers
- Truck Parking Bill Makes a Comeback
- Joe Biden’s Infrastructure Plan and How it Impacts Truckers
- CVSA Operation Safe Driver Week Starts July 11th
- Companies and Drivers Split on DRIVE-Safe Act
- Trucking Insurance Bill Reintroduced to Congress
- AB-5 Applies to Trucking, Appeals Court Ruled
- FMCSA Declares Regional Emergency Regarding Fuel
- I-40 Bridge Shut Down Until Further Notice
ABOUT TOPMARK FUNDING
TopMark Funding is a top-rated semi-truck financing and trailer financing company located in Roseville, CA. We specialize in commercial trucking and heavy equipment. Our mission is to become your long-term financial partner by helping you grow your trucking business and fleet.
We’re not here for the short-term, we’re on the long-haul with you!
We have financing options for trailers, semi-trucks, commercial trucks, and small businesses. We have great rates, low down payments, and flexible monthly payments regardless of credit history.
Learn more about Trailer Financing.
Fill out the contact form or give us a call at (866) 627-6644. One of our truck financing specialists will contact you as soon as possible to go over your truck lease needs and learn more about you and your business financing goals.
