August Class 8 truck orders the best month since February
This represents the highest monthly performance since February and the third consecutive month with orders exceeding 20,000 units.
Trucking industry forecasts move higher following rising economic expectations
Vieth’s explained that while a better economic forecast is beneficial, it won’t completely solve the challenges within the industry’s capacity issues.
Class 8 backlog on downward trajectory until 2024 orderboards open
Heavy-duty and medium-duty retail sales saw double-digit growth, while Class 8 vehicle backlog is expected to decline until 2024.
Class 8 truck orders bounce back in May
Medium-duty orders surged in the month of May.
Chinese truck market demand began reversing downward trajectory in Q4’22
Medium truck and heavy tractor volumes remained under pressure in the year’s final quarter.
January used truck retail volumes jumped 24% M/M
The gain was facilitated by a slew of new truck sales at the end of 2022.
Used Class 8 truck sales for 2022 total 245,000
Total Class 8 used truck market sales for 2022 were down about 7.5% from 2021.
November used truck average retail price negative Y/Y
The average retail used truck price has descended into negative y/y territory for the first time since August 2020.
ACT Research: For-Hire Trucking Index a mixed bag
The latest release of ACT’s For-Hire Trucking Index, showed August volume flat and productivity down, with the Supply-Demand Balance and capacity rising marginally. Kenny Vieth, president and senior analyst, ACT Research, commented, “While Volume Index flatness m/m reflects the difficult freight environment, August’s number remains above the June/Q2 dip and reflects diminished but wage-supported underlying economic
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 For-Hire Trucking Index: More capacity and less volume 
The latest release of ACT’s For-Hire Trucking Index, showed volume and pricing down, with capacity still on the high side, resulting in a lower Supply-Demand Balance in June. “The reading shows volumes continuing to contract, as sustained inflation and high fuel prices erode consumer confidence,” said Carter Vieth, research associate, ACT Research. “Substitution effects are
