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
The benefits of electrification in last-mile applications
If your trucks are operating in the long-haul segment carrying goods from New York to California, well, I hate to be the bearer of bad news but EV range capabilities and infrastructure can’t practically support that yet. However, last-mile fleets that stay in the general vicinity and don’t require substantial range just may be ready
Report: Global electric truck market size to reach 1,413,694 units by 2030
Due to the rising emissions levels and increasing prices of petroleum, along with petroleum’s limited availability, there has been a growing demand for zero-emission fuel vehicles, noted a new report from MarketsandMarkets, a company that provides B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. This
OEMs surmount supply disruptions, trailer demand endures
August net US trailer orders of 17,777 units were 4.6% higher compared to last month, but more than 37.7% above the year-ago August level, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailers report. “Discussions across the past month indicate more OEMs opening 2023 build slots, some opening initial slots, others expanding
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
The value of vehicle visibility: How location intelligence can deliver
Logistic challenges are nothing new to the trucking industry. Today’s challenge is keeping up with customer expectations that are pushed to increasingly higher levels by technology. Visibility is the name of today’s logistics game and location-powered, end-to-end technology is enabling fleets to deliver on those expectations. From predictive solutions that help fleets tackle challenges typically
Interest rate hikes persist, optimism for taming inflation wanes
According to ACT Research’s latest State of the Industry: NA Classes 5-8 report, persistent inflation, continued interest rate hikes, and the potential for recession remain overarching themes. Although themes remain the same as last month, the biggest change is in ACT’s declining optimism that inflation can be easily tamed. “On the bright side, supply-chain disruptions continue to
August preliminary US trailer net orders rising
Preliminary reports show that net trailer orders in August were 17,700 units, up about 6% from July, but a significant 39% higher than the same month last year, according to ACT Research. Final August results will be available later this month. This preliminary market estimate should be within +/-3% of the final order tally. “With
August US used truck data is messy in the details
Preliminary used Class 8 retail volumes (same dealer sales) increased 43% month-over-month but were 15% lower compared to August 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 August 2022, which showed
August order rebound indicates July weakness an outlier
Preliminary NA Class 8 net orders in August were 21,600 units, while NA Classes 5-7 net orders were 18,400 units. Complete industry data for August, including final order numbers, will be published by ACT Research in mid-September. “Last month, we sounded a note of caution, with the caveat that there were a number of mitigating