Outlook and Benchmarking

A few takeaways from NTEA's industry market report
Last Wednesday, NTEA released the third edition of its U.S. Commercial Vehicle Market Report. For those who haven’t seen it and might not have time to read the 26-page document, here are some key takeaways.
September 26, 2023
Vehicle chassis being assembled by two technicians
J.D. Power: Class 8 pricing slips in August
The number of trucks up for auction with missing titles, unverified mileage and other issues is increasing, J.D. Power says.
September 21, 2023
A graphic from J.D. Power showing the number of trucks retailed per dealership rooftop.
Used equipment values still have 'some room to fall'
It might get worse. Speaking during a Used Truck Association (UTA) webinar Thursday, Black Book's Josh Giles says the loss in used equipment values that began last year has possibly not hit rock bottom.
September 21, 2023
Overhead view of many trucks
Outlook and Benchmarking
ACT Research offers bearish look at 2024
"With spot freight rates still soft and contract rates remaining under pressure, the forecast for carrier profits is continued weakness before incomes begin to expand again in [the second quarter of] 2024," says ACT Research President Kenny Vieth.
September 20, 2023
ACT Class 8 truck backlog to build ratio
Outlook and Benchmarking
NTEA releases updated Commercial Vehicle Market Report
“Navigating market and business challenges and opportunities is something our industry organizations do day in and day out,” says NTEA's Kevin Koester. “As an Association, we value the opportunity to serve these companies by sharing data.”
September 20, 2023
NTEA's Commercial Vehicle Market Report headline
Used trucks
'Uncharacteristically large' boost to used truck sales in August
"The uncharacteristically large improvement this month is likely a reflection of the increased availability of units at more attractive prices," says Steve Tam, ACT vice president.
September 14, 2023
Line of trucks on a summer day
Outlook and Benchmarking
NTEA releases Annual Manufacturers' Shipments Survey Report
"AMSS report data offers commercial vehicle industry companies key insights to support their strategic business planning efforts," says Steven Latin-Kasper, NTEA's senior director of market data and research.
September 13, 2023
A graph with the text NTEA The Work Truck Association, AMSS, Annual Manufacturers' Shipments Survey Report, 2022 data.
Outlook and Benchmarking
FTR announces keynotes for September's Annual Conference
Navistar's Goran Nyberg, Crate & Barrel Senior Vice President of Supply Chain Rebecca Wlazlo and more set for Annual Conference in Indianapolis.
August 29, 2023
FTR Transportation Conference 2023 logo with 'The Premier Forecasting Event of the Year' underneath.
Indicators
Aftermarket parts sales indicator drops again
Commercial Motor Vehicle Consulting (CMVC) reported Monday its Parts Aftermarket Sales Leading Indicator (PLI) was down again in July for the eighth consecutive month.
August 28, 2023
CMVC report, July 2023
Outlook and Benchmarking
Softening on the horizon, experts say, but recession still an unknown
“The economy is still expanding but there are two things we worry about,” Dr. Bob Dieli says. “Signs of instability and the Fed is in a bad mood. We expect the Fed to continue to be in a bad mood for a little while.”
August 23, 2023
Bumpy road with potholes
Outlook and Benchmarking
First Student kicks off school year, plans 1 billion trips this year
"First Student is driving the future with safety, innovation and operational excellence," says CEO and President John Kenning.
August 15, 2023
A fleet of First Student vehicles in a parking lot.
Outlook and Benchmarking
ACT Research bolsters projections for rest of year
Following on the heels of rising economic expectations, ACT Research announced Friday its forecasts for Classes 5-7, Class 8 and trailer outputs are trending higher this month.
August 11, 2023
Manufacturing facility image
MarketPulse
TPS MarketPulse survey shows fears about second half of year
Dealers and distributors alike mostly responded with stable evaluations of second quarter business conditions in our July survey, but when asked to predict the months ahead, optimism receded.
August 8, 2023
TPS industry survey image
Class 7-8
July Class 8 orders outpace expectations
Class 8 truck orders in July exceeded expectations and 2022 totals, ACT Research and FTR reported this week.
August 3, 2023
July 2023 FTR Class 8 orders
Business
Dana reports strong Q2 earnings
"I am extremely proud of how the Dana team is executing across our operations, including a substantial number of launches for both electrified and traditional programs, as well as our ongoing transformation toward zero emissions," says James Kamsickas.
July 28, 2023
The Dana diamond logo in blue, black and white.
Outlook and Benchmarking
Paccar announces record revenues in second quarter
Paccar announced a record-setting second-quarter revenues Tuesday, thanks to increased truck deliveries, gross margins and a steady, strong parts business, says CEO Preston Feight.
July 25, 2023
Paccar's full truck lineup image
Indicators
With possible recession uncertain, chassis forecasts rise
A potential fall recession was the talk of the spring convention circuit. Now with fall just a few months away, that risk hasn’t abated, but it’s also not a given.
July 25, 2023
Truck chassis in production line
Outlook and Benchmarking
ACT updates 2024 equipment forecast
ACT Research updated its 2023 and 2024 Class 8 production forecast this week, announcing slightly higher retail sales and production volumes for both years compared to last month's estimates.
July 11, 2023
mack production line image
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Top Stories
Nikola Hydrogen Fuel Cell Commercial Launch
Hydrogen fuel cell
Nikola formally launches Class 8 hydrogen fuel cell tractor
“As we head into the fourth quarter, we are focused on delivering our trucks at scale and securing our position as pioneers in the hydrogen refueling ecosystem to support our customers,” says Steve Girsky, Nikola president and CEO.
North Catholic students participating in the Rosedale program
Commentary
Industry involvement remains key to solving tech shortage
2011 WorkStar with EGR-only engine
Trucks & Trailers
Settlement reached in Canadian Navistar MaxxForce engine class action
Line of trucks on a summer day
Used trucks
'Uncharacteristically large' boost to used truck sales in August
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