Class 8 truck sales top 309k in 2022
Truck orders continue to roll stronger last year as pent-up demand remains.
MEMA names new executive director of strategy, research
Jackson was most recently executive director of Strategy and Research for MEMA’s light duty original equipment division.
December used truck retail volumes reflect solid demand
Class 8 used truck retail volumes up 20% MoM, but 25% down YoY according to ACT Research.
Despite current economic activity, 2023 trucking decline yet to come
In the release of its Commercial Vehicle Dealer Digest, ACT Research reported a slightly raised 2022 GDP forecast despite current economic activity, but analysts continue to expect a decline in 2023. According to Kenny Vieth, president and senior analyst, ACT, the Federal Reserve will continue to aggressively raise interest rates so long as inflation remains
USDOT hosts first meeting of Women of Trucking Advisory Board
The U.S. Department of Transportation (USDOT) and the Federal Motor Carrier Safety Administration (FMCSA) hosted the inaugural meeting of the Women of Trucking Advisory Board (WOTAB), where members discussed the results of a new FMCSA report on driver safety. The new Advisory Board, created by the Bipartisan Infrastructure Law, is composed of 16 founding members
October US used truck average retail sales price defied expectations
Preliminary used Class 8 retail volumes (same dealer sales) decreased 10% month-over-month, and were 30% lower compared to October 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 October 2022, which showed
ACT Research: September Class 8 orders highest monthly total ever
Preliminary NA Class 8 net orders in September were 53,700 units, while NA Classes 5-7 net orders were 26,600 units. Complete industry data for September, including final order numbers, will be published by ACT Research in mid-October. “The strength in orders reflects OEMs’ having fully opened their orderboards for 2023 a bit earlier than normal,
ACT Research’s Class 8 Tractor Dashboard rises after four negative months
According to ACT Research’s recently released Transportation Digest, the top line on the Class 8 Tractor Dashboard improved in July to a neutral -2 reading, closing out four consecutive months of moderately downbeat readings. The report, which combines proprietary ACT data and analysis from a wide variety of sources, paints a comprehensive picture of trends impacting transportation
The good news and bad news about the state of the trucking industry
ACT Research recently hosted their industry update concerning the state of economics, transportation and commercial vehicles. The abundance of forecasts, statistics and charts can feel like information overload, so let us give you the run-down. Presented by Kenny Veith, president and senior analyst; Eric Crawford, vice president and senior analyst; Steve Tam, vice president and
Despite likely inbound recession, factors continue to dull sharp truck downturn
According to ACT Research’s latest release of the North American Commercial Vehicle Outlook, forecasts this month are essentially unchanged from last month. Demand remains healthy, production remains constrained by supply-chain disruptions and tight labor markets, and freight rates and volumes managed to squeeze out small improvements. “We’re hardly at the ‘edge of the cliff’ stage when it