Economic trends

MEMA survey shows supplier concerns regarding 2024 forecasts
Truck makers ordering more product than industry forecasts believe necessary is beginning to cause consternation for heavy-duty suppliers, reported MEMA during the association’s monthly Pulse webinar Wednesday.
May 31, 2023
White and red trucks in a lot
New report indicates dip in aftermarket sales could be slowing
Are business conditions normalizing in the parts sector? CMVC report shows growth for aftermarket sales "in the coming months, but at slowing rates."
May 30, 2023
CMVC report, March 2023
Class 8 backlog continues to subside
With truck orders on the downslope and the supply chain continuing to improve, ACT Research reported Thursday it anticipates the commercial truck backlog should continue to decrease until OEMs open their order boards for 2024.
May 19, 2023
Line of trucks in row starting with blue truck
Capacity issues continue to hamper used truck market
As more trucks find their way into the secondary market, capacity is becoming a major issue for used truck sellers, J.D. Power confirmed Friday in its May 2023 Commercial Truck Guidelines industry report.
May 22, 2023
Blurry truck on highway
Preliminary trailer orders show another dip in April
ACT Research announced Tuesday April’s preliminary net trailer orders decreased sequentially last month and were lower against longer-term comparisons.
May 16, 2023
ACT April 2023 trailer orders
Used same dealer sales fall again in April
The used truck market took another tumble in April. ACT Research announced Monday preliminary Class 8 same dealer used truck retail sales volume fell 22% month over month in April.
May 15, 2023
ACT May 2023 used truck data
TPS MarketPulse responders acclimating to softer market
Dealer and aftermarket sentiment for the months ahead finally shifted in a positive direction in our most recent TPS MarketPulse survey, as responders believe the industry is settling into a new normal.
May 7, 2023
TPS industry survey image
Class 8 orders plummeted in April
In announcing their preliminary reports, ACT Research and FTR state a drop in orders was expected to occur, but at a slightly later date. The companies believe the slip has more to do with production slots than true demand.
May 3, 2023
Freightliner
Economic volatility challenging market forecasts
Economic uncertainty has started to bleed into production forecasting in the commercial vehicle sector, experts from MEMA and FTR reported during MEMA’s monthly Pulse webinar on Wednesday.
April 26, 2023
Blurry truck on highway
ACT: Trailer demand strong thanks to pent-up demand
"Seasonally adjusted, the backlog-to-build ratio rose 100 basis points month over month to 8.3 months, with weaker build in a seasonally strong month from 7.3 months in February," says Jennifer McNealy, ACT.
April 24, 2023
Trailer from behind on sunny highway
PLI shows slowing, but still high, market
"Parts manufacturers' sales are growing at faster growth rates than parts aftermarket retail sales due to inventory investment within the channels of distribution, but parts manufacturers' sales will slowly declerate," CMVC President Chris Brady says.
April 24, 2023
CVMC's March PLI data showing slowing aftermarket parts indicators.
Trailer orders slip back in March
Trailer orders fell substantially in March, but data firms believe it's possible the dip was the result of an early shift in market seasonality and not a larger weakening of demand.
April 20, 2023
Preliminary trailer orders for March 2023 graph
Used truck pricing continues to fall, could dip below pre-COVID peaks?
Used truck sales experienced an increase in volume and another drop in sales last month, causing experts to fear pricing could drop below 2018 market peaks, J.D. Power reported Monday in its April 2023 Commercial Truck Guidelines industry report.
April 18, 2023
Series of tractors on the highway
Used truck market sees retail boost
The used truck market saw an increase in sales last month, with same dealer sales retail volumes up 23% month over month, ACT Research announced Monday in its State of the Industry: U.S. Classes 3-8 Used Trucks report.
April 17, 2023
ACT Research used truck chart
Experts anticipate another rate hike in 2023
ACT Research reported Tuesday it continues to expect a mild recession to materialize, if not as soon as previously envisioned.
April 11, 2023
Wage inflation chart from ACT Research
Class 8 sales rate 'unsustainable' in current freight environment
Recent analysis by Commercial Motor Vehicle Consulting (CMVC) into the Class 8 new truck market indicates truck sales are likely to trend down in the second half of 2023.
April 5, 2023
CMVC data regarding Class 8 truck population and utilization
Class 8 orders slip back in March
Preliminary Class 8 truck orders slipped back under the 20,000 unit threshold in March, falling for the fifth time in the last six months, ACT Research and FTR both reported Tuesday.
April 5, 2023
FTR Class 8 orders March 2023 Chart
Used truck volumes see larger than anticipated slip
Retail used truck volumes (same dealer sales) slipped by 8% in February after two strong months, ACT Research announced Wednesday.
March 29, 2023
Used truck volumes for February 2023
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Outlook and Benchmarking
MEMA survey shows supplier concerns regarding 2024 forecasts
Truck makers ordering more product than industry forecasts believe necessary is beginning to cause consternation for heavy-duty suppliers, reported MEMA during the association’s monthly Pulse webinar Wednesday.
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