NTEA – The Association for the Work Truck Industry have released the first edition of the U.S. Commercial Vehicle Market Report – Powered by Commercial Truck Trader, NTEA and S&P Global Mobility.
This semi-annual industry report delves into the details, data and trends around the life cycle of commercial vehicles — from chassis sales to truck registration to later stages when used vehicles re-enter the sales market.
The fall 2022 U.S. Commercial Vehicle Market Report was released Tuesday in conjunction with NTEA’s Executive Leadership Summit, in Baltimore, Md.
“The U.S. Commercial Vehicle Market Report provides work truck industry companies with forecasting and trend analysis they can leverage in their operational planning,” says Kevin Koester, NTEA managing director. “We’re excited to launch this collaborative report and ultimately connect with our membership to gather feedback and discuss findings — especially as the report, its data and trends evolve over time.”
This first edition of the U.S. Commercial Vehicle Market Report leverages multiple complex datasets currently available to the market to provide an introductory landscape of opportunities, trends and challenges in today’s incomplete vehicle market.
NTEA says topics covered include:
- Purchasing trends and forecasts by vehicle class
- Fleet reactions to supply shortages and resulting effects on demand
- How recent chassis shortages have impacted sales and consideration trends
- Ways the industry is preparing for new emission standards
- How electric vehicles are being used commercially
To access a copy of the free report, check out the NTEA website.