New commercial vehicle outlook report shows truck production, alternative fuels on the rise

ACT Research and Rhein Associates have published their most recent N.A. Commercial Vehicle On-Highway Engine Outlook.

Within the new report, the companies state Class 8 production is expected to continue its growth trend into 2019 and diesel remains the dominate power source, but changes in demand for straight trucks and tractors will impact the type of diesel engines ordered.

“Tractors continue to be more impacted by cyclical demand than vocational trucks. The truck share of Class 8 fell to just below 27 percent in 2018, and is forecast to reach a similar level in 2019. Average truck production from 2019 to 2023 is expected to increase nearly 8 percent over the average of the past five years, while average tractor production is forecast at almost 3 percent below the past five-year average,” says Tom Rhein, president, Rhein Associates. Regarding the medium-duty market, he adds, â€śThe market share of Class 5 trucks has stabilized around 36-38 percent of the medium-duty market, where it is forecast to remain.”

ACT Research President and Senior Analyst Kenny Vieth notes, “Diesel power is under attack long-term for use in on-highway commercial vehicles. Alternative power is being developed, tested, and refined, even as diesel engines are transitioning to become more fuel efficient and clean. Emission regulations are one of the main drivers of alternative fuel adoption, which is why the Engine Outlook includes a section on the commercial vehicle regulatory environment.”

Learn how to move your used trucks faster
With unsold used inventory depreciating at a rate of more than 2% monthly, efficient inventory turnover is a must for dealers. Download this eBook to access proven strategies for selling used trucks faster.
Used Truck Guide Cover