Economic trends: Page 2

Class 7-8
LINE-X launches dealer program with International
LINE-X has launched a program with International, which allows the OEM’s dealers to use LINE-X’s protective coatings to improve the protection and extend the life of its truck models.
January 22, 2021
International HX Series 2-min
Indicators
ACT Research: December trailer orders set stage for healthy 2021
December net U.S. trailer orders of 43,806 units grew 11 percent from the previous month and were up nearly 150 percent year-over-year.
January 22, 2021
ACT-December-Trailers-min
Class 7-8
Mack enhances axle warranty for certain applications
Mack Trucks enhanced its standard axle warranty for Model Year 2022 Mack models, extending time and mileage coverage to improve total cost of ownership for customers.
January 21, 2021
Mack axles-min
Indicators
ATD Truck Beat offers analysis for truck sales in year ahead
Commercial truck sales closed out 2020 with total sales just shy of 410,000 units, NADA Chief Economist Patrick Manzi wrote in the most recent American Truck Dealers (ATD) Truck Beat report.
January 21, 2021
ATD Truck Beat December 2020
Indicators
J.D. Power reports steady prices in used retail segment, price increase in auction channel last month
The company says December’s auction, wholesale and retail truck sales continued the strong run of the second half of 2020, with average pricing better than any time since the first quarter of 2019.
January 20, 2021
Screen Shot 2021-01-20 at 11.57.45 AM-min
Indicators
SelecTrucks adds four facilities to serve Chicago market
SelecTrucks recently opened four new locations in the Chicago suburbs, bringing the number of sales centers in its steadily-growing network to 34. “There is no better time to open new SelecTrucks locations to ensure used…
January 20, 2021
SelecTrucks
Indicators
Registration opens for upcoming virtual Work Truck Show
The NTEA announced Tuesday registration has opened for Work Truck Week 2021, including the virtual Work Truck Show. Scheduled for March 8-12, NTEA says this year’s Work Truck Week is a reimagined way to connect…
January 20, 2021
Work Truck Show 2021
Indicators
Conway Beam Truck Group to open dealership in New York
Conway Beam Truck Group recently invested $16.2 million to open a new Mack and Volvo dealership near Buffalo, N.Y.
January 19, 2021
Conway-new-MackVolvo-dealership-min
Indicators
Commercial vehicle demand enters 2021 on upswing
Truck makers entered this new year in a substantially different place than they did in 2020, ACT Research wrote in its most recent State of the Industry report. ACT Research President and Senior Analyst Kenny…
January 19, 2021
shutterstock_646692319
Indicators
North Central International grabs OEM honor
The Presidential Award, introduced in 2018, honors the top eight percent of International Truck dealerships that achieve the highest level of performance in terms of operating and financial standards, market representation, and most importantly, customer satisfaction.
January 19, 2021
38469_RH_Dry_Van_Client
Indicators
Recall report: Steering issue forces Paccar recall
The following safety recalls were issued Monday by the National Highway Traffic Safety Administration (NHTSA).
January 18, 2021
safety recalls-min
Indicators
Used Class 8 truck data indicates YTD sales increased
Preliminary used Class 8 volumes rose 11 percent month-over-month in December, and are 25 percent higher year-to-date compared with 2019, according to the latest preliminary release of ACT Research’s State of the Industry: U.S. Classes…
January 18, 2021
04.20.Used trucks on lot random-min
Indicators
Mack makes driver-activated OTA updates standard
Mack Trucks on Wednesday made its driver-activated Mack Over The Air (OTA) updates feature standard on the Mack Anthem, Pinnacle and Granite models, enabling customers to implement software updates themselves at a time when it’s most…
January 14, 2021
200622 – Geotab Connected by Mack
Indicators
GATR moves Des Moines-area location
GATR Truck Center announced this week a new facility in Waukee, Iowa, a suburb of Des Moines. The property at 3277 Ute Ave., in Waukee was acquired by the company in November. The company moved…
January 14, 2021
Screen Shot 2021-01-13 at 1.47.52 PM
Indicators
Trailer orders crept forward to close 2020
ACT Research and FTR reported preliminary order totals of 42,500 and 41,700 units, respectively, on Wednesday, slight gains over November and another historically positive month after the COVID-impacted sales troughs of the summer.
January 13, 2021
12.20.Trailer orders FTR
Indicators
NTEA debuts fleet council to advise association
NTEA – The Association for the Work Truck Industry has introduced a Fleet Advisory Council, composed of innovative and forward-thinking fleet leaders who will provide perspective and guidance on Association resources for the work truck…
January 13, 2021
Fleet Advisory Council-min
Indicators
CM Truck Beds updates service body option
CM Truck Beds introduces its new Gen 2 SB Service Body. Building on the legacy of its popular SB model, CM says it pushed the envelope to deliver more benefits for 2021 users, adding several…
January 13, 2021
CM Truck Bodies-min
Indicators
Hyundai Translead announces new trailer designs, panel technology
Hyundai Translead announced enhanced designs for 2021 dry and refrigerated van trailer models, featuring significant weight reductions and greater durability.
January 12, 2021
Hyundait-Trailer-design-min
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Business operations
Building cohesive pricing strategies key to parts distributors’ e-commerce success
To have a functional, flexible and comprehensive pricing matrix in today’s aftermarket, distributors must also be masters of their digital footprints.
Volvo Vnr Electric Charging Location
Commentary
Understanding the longer term purchase potential for alternative powertrains
Nikola Two
Class 7-8
Nikola teases details about coming commercial truck program
2022 F Series With Cummins Diesel Engine
Class 3-6
Isuzu partners with Shyft Group for chassis production
Parked Trucks Min
Used trucks
Used prices expectedly rise thanks to lower volumes in January, J.D. Power reports
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.
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State of Heavy-Duty Repair
Heavy-duty repair shops don’t face the same challenges as their light-duty counterparts – so why are they so often lumped together?
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