Overall new equipment business volume down slightly Y/Y
According to ELFA findings, total headcount for equipment finance companies was down 4.6% year-over-year.
Growth rate of parts aftermarket sales continues to gradually decelerate
CMVC’s Parts Aftermarket Sales Leading Indicator signals slowing growth in commercial vehicle parts sales.
U.S. trailer industry is committed nearly through 2023
Overall build rose 14% m/m due to three more build days in March as opposed to February.
Steady rise of inventory impacts commercial truck sales
With new inventory levels only 46.3% of what they were in 2019, used vehicles continue to help fill the demand.
Production of Class 5-8 trucks exceeded build plans in March as supply conditions slowly improve
Heavy- and medium-duty orders declined double digits Y/Y, according to ACT Research’s latest State of the Industry Report.
The rebalancing of trucking capacity begins
Although the production of new equipment is still high, hiring and fleet exit patterns indicate that capacity is gradually decreasing.
Used truck same dealer retail sales ballooned 23% M/M in March
Retail volumes, price, miles, and age fluctuate for trucks in March.
Market trucking conditions decline in February due to rate, volume weakness
Industrial and consumer sectors are sluggish, but spending on goods is still elevated.
Another Fed rate hike in 2023 could hamper carrier profits
Higher prices and borrowing costs are creating drags on economic activity, freight, and demand for commercial vehicles, according ACT Research.
February used Class 8 truck sales were 8% lower M/M
According to ACT Research findings, Class 8 longer term, average price, age and volumes were lower, with miles higher y/y.
U.S. trailer industry increases build rate in February
OEM conversations continue to suggest supply-chain constraints are likely to remain a limiting factor to production in 2023.
Electric commercial vehicle market size to reach $558.4 billion, globally, by 2031
The global electric commercial vehicle market generated $43.5B in 2021 and is projected to reach $558.4B by 2031.
