Equipment finance industry confidence remains near historic highs
The Equipment Leasing & Finance Foundation’s May 2021 Monthly Confidence Index for the equipment finance Industry indicates that confidence in the equipment finance market is 72.1, easing from April’s all-time high of 76.1. The index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives
Eaton’s Vehicle Group offers new diaphragm spring clutches
Eaton’s Vehicle Group has added to its 430-millimeter diaphragm spring clutch portfolio for heavy-duty trucks. Eaton says the new clutches offer solutions for current and future powertrain technology advancements, including downsized and downsped engines. To help meet global emissions and fuel economy regulations, many manufacturers are producing downsized and downsped engines. Those newer engines produce
Chevin partners with Geotab reseller Advantage Asset Tracking
Chevin Fleet Solutions announced that it will work with New Jersey-based reseller Advantage Asset Tracking to promote and support the commercial side of its partnership with telematics provider Geotab. The mutually beneficial partnership will see a close working relationship between the two companies, sharing not only commercial opportunities for Geotab integrations and fleet management software
Production constraints challenging trailer OEMs
According to this quarter’s issue of ACT Research’s Trailer Components Report, trailer orders were preliminarily lower for April, and meaningfully so. “Lower orders will be the result of dry van and reefer orderboards that commit most OEMs through the remainder of this year and well into the next,” said Frank Maly, director–commercial vehicle transportation analysis
TMC, Decisiv unveil parts, labor cost benchmarking survey
The American Trucking Associations’ Technology & Maintenance Council (TMC) launched a new partnership with Decisiv to produce a benchmarking tool designed to track key performance indicators for commercial vehicle parts and labor based on the council’s Vehicle Maintenance Reporting Standards. After being offered initially as a TMC member benefit, the Council and Decisiv plan to
SAF-Holland talks vocational markets, evolving product lines and managing supply
If conventional wisdom prevails: Vocational trucking segments are poised for a breakout year. With huge truck order demand and an infrastructure bill in the works, the trucking industry expects strong vocational application business going into Q3 and Q4. But, you don’t just have to take my word for it. “We’re very bullish on the market,
Class 8 truck orders pull back; backlog essentially filled
According to ACT Research’s latest numbers, April Class 8 net orders pulled back to a seven-month low, with benign cancellations. ACT Research attributes the order pullback not to any slowing in demand, but a reflection that the 2021 backlog is essentially filled. “As we’ve said for some time, commercial vehicle demand is hot, but supply chain problems persist,” said Kenny
April trailer orders less than half of March; volume up more than 160% YTD
Preliminary reports from trailer OEMs indicate that 14,400 new trailer orders were booked in April, which was 52% lower than March, but a staggering 3600% above the dramatically COVID-impacted volume for the same month last year, according to ACT Research. “Given the dramatic market impact of COVID shutdowns that occurred at this point last year,
Used Class 8 truck sales, prices up year-to-date
Preliminary used Class 8 same-dealer sales dropped 2% month-over-month, but rose 51% year-over-year in April, according to ACT Research. Through the first four months of the year, activity is 29% higher compared to the same period a year ago, ACT reports. Other data released in ACT’s preliminary report included month-over-month comparisons for April 2021, which
Peterbilt bolsters dealer network
Peterbilt Motors Co. detailed the opening of two new dealership locations: Rush Peterbilt Truck Center, Phoenix East in Mesa, Arizona and Peterbilt of Augusta in Augusta, Ga., bringing its dealer network count to more than 400 locations across North America. Rush Peterbilt Truck Center, Phoenix East opened in late March and is a parts and
Autel announces commercial vehicle diagnostics tablet
Autel US introduced the MaxiSYS MS909CV Commercial Vehicle Diagnostics tablet, adding extensive hardware and software enhancements, including starting and charging system analysis software and hardware and advanced driver assistance system (ADAS) calibration software for multiple vehicle classes to the Android-based touchscreen tablet with upgraded processor and memory storage. The MaxiSYS MS909CV is an advanced commercial
Phillips Connect adds Jon Morrison as Strategic Executive
Jon Morrison, previously president of WABCO Americas and now CEO of J&M Strategic Insights LLC, has been tapped by Phillips Connect as strategic executive. In this engagement, Phillips Connect says it will draw on Morrison’s extensive experience in electronic vehicle control, electrification, vehicle telematics and advanced technologies to move Phillips Connect ahead in the smart
