Used truck sales strong in July, ACT reports
According to the latest numbers from ACT Research, used Class 8 same dealer sales volumes were up 13% year-to-date against the first seven months of 2019, with average price, miles and age all below July 2019 year-to-date rates, down 15%, 1%, and 8%, respectively. Near term, the report also indicated that used Class 8 sales
ACT Research For-Hire Trucking Index highlights driver shortage in July
The latest release of ACT’s For-Hire Trucking Index, with July data, showed an across-the-board downtick in the diffusion indexes after a record surge in June, although most measures remained well above the 50 neutral mark. July’s Volume Index fell six points to 64.3 (SA), while pricing and productivity were at 60.3 and 61.5, respectively. Capacity
N.A. Class 8 net orders hit nine-month high in July, ACT says
According to ACT Research’s latest State of the Industry: NA Classes 5-8 Report, the U.S. economy continued to post good numbers in July, including a 1.2% month-over-month increase in retail sales, indicating that consumers’ wallets remain open for spending. Along with an increase in industrial production and strong housing activity, demand for commercial vehicles is
ACT: Used truck sales up in July
Preliminary used Class 8 volumes (same dealer sales) grew 16% month-over-month in July, according to the latest numbers from ACT Research. Longer-term, volumes rose 48% compared to July 2019, and were up 7% when measured against the first seven months of last year. Other data released in ACT’s preliminary report included month-over-month comparisons for July
New COVID cases threaten commercial vehicle recovery, ACT Research says
According to ACT Research’s recently-released Transportation Digest, the tug of war between positive and negative influences on the business environment and trucking reached a pivotal juncture at the end of June, but an escalation in new COVID-19 cases since mid-June threatens to abort this nascent recovery. “The sudden shock of the COVID-19 recession pushed the
Rebounds continue in ACT Research’s June For-Hire Trucking Index
The latest release of ACT Research’s For-Hire Trucking Index, with June data, showed continued improvement in the diffusion index measures tracked. June’s Volume Index rose to 70.4 in June, from 19.3 in April and 50.2 in May, with pricing and productivity at 65.2 and 69.9, respectively. Capacity remained stuck in neutral, hovering near the 50
ACT Research: CV industry looking toward recovery
In the release of its Commercial Vehicle Dealer Digest, ACT Research says it found more to like about the state of the economy today than was visible a month ago, now that U.S. re-opening is underway. “The re-openings that have been occurring since late April represent the first steps in the march toward economy recovery, and
ACT Research’s For-Hire Trucking Index rebounds from April
The latest release of ACT’s For-Hire Trucking Index, with May data, showed significant improvement in all five diffusion index measures tracked, the company says. May’s Volume Index rose from 19.3 in April to 50.2, with capacity also at the neutral 50 mark, and pricing and productivity both in the mid-40 range. “After the worst reading
ACT Research: April CV data showing full COVID-19 impact, data lowest in decades
According to ACT Research’s latest numbers, COVID-19 was in evidence across the commercial vehicle statistics in April, with Class 8 net orders at their lowest level since September 1995 and medium-duty orders at their worst in a decade. “In addition to the drop in Class 8 net orders, Class 8 production was at its lowest
ACT Research: COVID-19 impact on global economies and CV demand predicted through 2021
According to ACT Research’s latest release of the North American Commercial Vehicle Outlook, 2021 is being forecast as the transition year, as the global economies and North American commercial vehicle demand move from COVID-19’s negative impacts into a meaningfully better situation in 2022. Additionally, ACT Research has created a COVID-19 Market Watch webpage to track
