ACT Research: U.S. used truck prices softening
Preliminary used Class 8 retail volumes (same dealer sales) rose 6% month-over-month, but were 39% lower compared to June of 2021, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research. Other data released in ACT’s preliminary report included month-over-month comparisons for June 2022,
ACT Research Class 8 Tractor Dashboard drops again
According to ACT Research’s recently released Transportation Digest, the top line on the Class 8 Tractor Dashboard dropped again in April. “The Tractor Dashboard result affirms the steady and steep erosion in prospective business conditions for Class 8 tractors that has been the rule through calendar year 2022,” said Kenny Vieth, ACT’s President and Senior Analyst.
Industry’s ability to meet demand still impacted by supply-chain constraints
According to ACT Research’s (ACT) latest State of the Industry: NA Classes 5-8 Report, Russia/China supply-chain disruptions, raging inflation, higher interest rates, and recession potential continue to dominate the narrative. “Russian commodities remain locked out of Western markets, Ukraine remains besieged, and China continues to struggle with COVID and lockdowns,” Eric Crawford, vice president and senior analyst,
May preliminary data show new truck order activity aligned with macro trend
Preliminary North American Class 8 net orders in May were 14,000 units, while Classes 5-7 net orders moderated to 17,000 units. Complete industry data for May, including final order numbers, will be published by ACT Research in mid-June. “We are coming to that time of year when orders tend to be seasonally weak, as OEMs
The continued impact of supply-chain constrained production
Preliminary NA Class 8 net orders in December were 22,800 units, while NA Classes 5-7 net orders dropped to 18,100 units, a significant sequential uptick for Class 8 but lower m/m and y/y readings for the medium-duty market. Complete industry data for December, including final order numbers, will be published by ACT Research in mid-January. “For Class 8,
ACT Research For-Hire Trucking Index shows capacity recovering
The latest release of ACT Research’s For-Hire Trucking Index, with November data, showed across-the-board increases. The ACT For-Hire Trucking Index is a monthly survey of for-hire trucking service providers. ACT Research converts responses into diffusion indexes, where the neutral or flat activity level is 50. “Led by better driver availability, the Capacity Index increased 6.1
Pressure continues for new commercial vehicle order activity
Preliminary NA Class 8 net orders in November were 9,800 units, while NA Classes 5-7 net orders dropped to 21,500 units, both representing lower sequential and year-over-year readings. Complete industry data for November, including final order numbers, will be published by ACT Research in mid-December. “Long backlog lead times resulting from ongoing supply-side constraints continue
Trailer manufacturers challenged by material supplies, pricing, staffing
According to this quarter’s issue of ACT Research’s Trailer Components Report, component and material availability continue to be a significant problem for trailer manufacturers, and the issue is widespread, not contained to any small group of parts and materials. “In addition to supply-chain constraints, workforce availability and reliability are both mentioned as challenges for trailer
ACT: Commercial vehicle demand remains healthy, supply still constrained
According to ACT Research’s latest State of the Industry: NA Classes 5-8 Report, the supply-demand setup for the entire industry remains unchanged. Despite rock-solid demand metrics across the spectrum of medium- and heavy-duty vehicle types, industry capacity remains range-bound across a broad front of supply-chain constraints, many but not all centered on semiconductor shortages, ACT
Supply constraints lead ACT Research to cut forecasts
According to ACT Research’s recently released Transportation Digest, North America’s commercial vehicle industry is experiencing material capacity constraints that are dictating the speed at which the industry can produce for the rest of this year and next. The report, which combines proprietary ACT data and analysis from a wide variety of sources, paints a comprehensive
