Data from ACT Research reports the potential for limited interest rate increases.
At 30,300 units, December Class 8 orders show a positive progression moving into the new year.
Longer term, average price and miles were higher y/y, with age up 7% y/y.
Volumes softened to the lowest levels seen since March and April of 2020.
Freight hauling and specialty trucks saw their market shares decrease.
Class 8 truck builds exceed plans.
Final November results were made available in December. This preliminary market estimate should be within +/-5% of the final order tally.
Preliminary NA Class 8 net orders in November were 33,000 units, while NA Classes 5-7 net orders were 21,400 units. Complete industry data for November, including final order numbers, will be published by ACT Research in mid-December. Regarding the strength in Class 8 orders, Eric Crawford, vice president and senior analyst, ACT, shared, “OEMs having
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 new powertrain initiatives and lower carbon emissions from CV fleets despite an unfavorable economic outlook. When asked about the US economic outlook, Kenny Vieth, president and senior analyst,
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 down 19% m/m. Average mileage was flat, with average price down 2% and age up 5%, m/m. Longer term, average price and miles were higher y/y, with
October net US trailer orders of 47,860 units were 83% higher compared to last month, +57% on a seasonally-adjusted basis, and 171% above the year-ago October 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 trailer OEM business conditions, including 2023 demand, material/component supply