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
Emission reduction equipment initiatives, trends keep on truckin’
According to the recently released N.A. Commercial Vehicle On-Highway Engine OUTLOOK, published by ACT Research and Rhein Associates, the commercial vehicle (CV) industry continues to invest in initiatives toward new powertrains and lower carbon emissions from CV fleets. Industry trends maintain minor movement, both up and down, but no skyrockets or plummets. “Vocational equipment continues to
ACT Research’s Class 8 Tractor Dashboard unchanged in June, remains downbeat
According to ACT Research’s recently released Transportation Digest, the top line on the Class 8 Tractor Dashboard was unchanged in June, the fourth month of moderately downbeat readings. “Our interpretation is a gradual erosion for Class 8 market demand in the second half, but no ‘spiral down’ and certainly not a ‘cliff event’,” said Kenny Vieth,
Used truck sales data in July ends in a twist
Preliminary used Class 8 retail volumes (same dealer sales) fell 8% month-over-month, and were 47% lower compared to July 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 July 2022,
Class 8 natural gas truck retail sales gained 11%
For the first five months of 2022, US and Canadian Class 8 natural gas truck retail sales rose 11% year-to-date against comparisons of the same time period in 2021, as published in the quarterly report (AFQ: Alternative Fuels Quarterly) recently released by ACT Research. “Sales of NG-powered vehicles as reported by the six major truck
Recession is now ACT Research’s base-case scenario for 2023 forecasts
In the release of its Commercial Vehicle Dealer Digest, ACT Research reported that its analysts have updated their forecast scenarios to include a recession in 2023. “We have revised our economic forecasts and are now modeling a recession in the first half of 2023, although flat (0.0%) for full-year 2023,” said Kenny Vieth, president and senior analyst,
ACT Research’s Class 8 Tractor Dashboard unchanged still a downbeat
According to ACT Research’s recently released Transportation Digest, the top line on the Class 8 Tractor Dashboard was unchanged in May, the third month of moderately downbeat readings. “Our interpretation of the recent Tractor Dashboard reading is a gradual erosion of Class 8 market demand into the second half of 2022, but no ‘spiral down’ and
Used Class 8 truck sales volumes, prices, miles, age increase
According to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research, used Class 8 retail volumes (same dealer sales) were 1% higher month-over-month. Longer term, volumes dropped 44% y/y and were 34% lower ytd. Average price and miles were down 6% and 1%, respectively, compared to
ACT Research Class 8 tractor dashboard still downbeat
ACT Research’s recently released Transportation Digest, the top line on the Class 8 Tractor Dashboard was unchanged in May, the third month of moderately downbeat readings. “Our interpretation of the recent Tractor Dashboard reading is a gradual erosion of Class 8 market demand into the second half of 2022, but no ‘spiral down’ and certainly not
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,