Sales of truck trailer sales plunged 43 percent in December, but one industry expert said that’s not cause for alarm.
Industry research firm FTR said December U.S. trailer orders reached just 25,500 last month compared to 45,155 for the same month a year earlier.
Full-year orders totaled 313,000 units, down about 12 percent from 2014.
FTR, however, forecasts this year’s sales to be strong.
“We enter 2016 with the largest backlog ever, so we can expect another strong trailer year,” said Don Ake, FTR’s Vice President of Commercial Vehicles.
While December’s sales were down year over year, “that is only because they are compared to two of the strongest order months in history,” Ake said.
Ake cited robust demand for dry and refrigerated vans, as well as steady consumer spending, as good indicators.