ACT Research Co. Archives - Page 2 of 39 - Fleet Equipment Magazine
Used Class 8 sales high in May amid economic, freight environments

Tam concluded that even though the economy, freight conditions are currently weak, the comparison emphasizes the circumstances faced in 2022.

Freight market rebalances as cycle nears turning point

Destocking likely peaked recently, with March container imports down 30% y/y, versus April’s decrease of 20% y/y and signs of further improvement in May.

U.S. freight cycle near bottom

Elevated Class 8 build rates will limit the near-term upside.

US trailer industry demand dynamic is shifting

Trailer cancellations rise for consecutive months, signaling shifting demand dynamics.

trailers-generic
Used truck same dealer retail sales improved 10%

Combined, the used truck industry saw preliminary same dealer auction, retail, and wholesale sales advance 19% m/m.

Used-Heavy-Duty-Truck-Generic-600x300
Class 8 backlog on downward trajectory until 2024 orderboards open

Heavy-duty and medium-duty retail sales saw double-digit growth, while Class 8 vehicle backlog is expected to decline until 2024.

Class-8-backlog-downward-trajectory
Analysts forecast slight increases in Class 8 retail sales, production volumes

According to Vieth, the commercial vehicle industry is approaching a downward inflection point amid weak freight creation and declining pent-up demand.

Act Trailer Industry 2023
Class 8 truck orders bounce back in May

Medium-duty orders surged in the month of May.

june-column-truck-generic
For-Hire Trucking Index shows continued declines in April

Although the current situation still indicates a loose balance, the necessary conditions for a future rebalancing have been established.

U.S. trailer industry order boards for 2023 fully open, nearly fully committed

Overall build was 13% lower m/m due to four fewer build days in April than in March.

US-trailer-industry-orderboards-2023
U.S. freight cycle near bottom as capacity begins to tighten

“Total revocations were about 10,800 in April, near record levels, though grants and reinstatements are also elevated.”

April heavy-, medium-duty truck orders fell

Crawford highlighted that medium-duty demand only declined y/y by single digits, a change of pace compared to the previous two months.

heavy-medium-duty-orders-april