Indicators

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
Trailers
Trailer orders showed little change in August
“Demand may be softening, but it’s not gone. The next few months should provide more illumination on the 2024 outlook, as orders move from the current negotiation stage into booked business.”
September 18, 2023
ACT August 2023 trailer orders
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
Class 7-8
Research firms: Class 8 orders up for August
"As build slots start to open for 2024 production, fleets are starting to place orders on the books," says Eric Starks, chairman of the board for FTR.
September 6, 2023
A fever chart showing Class 8 truck sales in 2022 and 2023.
Used trucks
Used truck sales slipped across the board in July
ACT Research announced Thursday in its latest state of the industry used truck report that Class 8 used retail sales slipped for the first time in three months in July, falling 7.8% month over month.
August 31, 2023
ACT Research used truck chart
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
Used trucks
Used market sees stable auction, falling retail pricing in July
Auction volumes were down and held pricing well last month while the retail sector saw pricing slip considerably after a better June, J.D. Power reported Monday in its August 2023 Commercial Truck Guidelines report.
August 17, 2023
Used truck on the highway
Trailers
Trailer orders fall to 2023 low in July
Preliminary trailer orders of 10,000 units in July were the weakest total of 2023 to date but did show a minor uptick, sequentially, ACT Research announced this week.
August 17, 2023
US Trailer orders in July 2023
Used trucks
Used truck volumes dip in July
Preliminary used truck sales volumes were back down in July after a stronger June, ACT Research reported in its State of the Industry: U.S. Classes 3-8 Used Trucks report this week.
August 15, 2023
ACT Research used truck chart
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
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
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
Indicators
Clouds on horizon for trailer market?
“Conversations with industry stakeholders the past few weeks revealed while they remain relatively optimistic about 2024, there was an acknowledgement of increasingly challenging conditions for customers and dealers,” says ACT Research's Jennifer McNealy.
July 25, 2023
ACT Trailer backlog to build ratio
Trailers
Trailer orders keep falling
Preliminary trailers in June continued the segment's downturn, totaling 6,300 units (8,000 seasonally adjusted), ACT Research reported this week.
July 19, 2023
ACT June 2023 trailer orders
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Trucks & Trailers
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Used trucks
'Uncharacteristically large' boost to used truck sales in August
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