According to ACT Research, preliminary North American Class 8 net orders in February were 23,600 units, up 13% year over year and 27% month to month, while Classes 5-7 net orders were 17,500 units. read more

MAR 3, 2023 - 6:59 am

According to Solifi’s 2023 Global Leasing Report, there was a promising 9.3% increase in new business volume in the leasing industry in 2021. The report also showed the leasing industry has grown 84% in the past decade. read more

MAR 2, 2023 - 7:25 am

According to ACT Research, used Class 8 retail volumes (same dealer sales) increased 12% month to month in January. Average mileage increased 8% month to month, with average price down 7% and age up 1%. read more

MAR 2, 2023 - 7:11 am

According to ACT Research, supply chain concerns still linger, with some manufacturers sharing that they see no short-term improvement in sight. Most trailer makers expect demand to continue exceeding capacity through the end of 2023. read more

MAR 1, 2023 - 7:04 am

The Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25) showed overall new business volume for January was $8.8 billion, up 6% year over year from new business volume in January 2022. read more

FEB 24, 2023 - 7:13 am

Volvo Trucks has sold more than 4,300 electric trucks globally in more than 38 countries. In Europe, Volvo Trucks has a 32% share of the market for heavy electric trucks, and in North America, nearly half of all heavy electric trucks registered in 2022 were Volvo trucks. read more

FEB 23, 2023 - 7:14 am

Ritchie Bros. attracted more than 14,500 bidders to compete for more than 6,500 items, generating more than $61 million in gross transaction value at its first Houston site auction of the year. read more

FEB 21, 2023 - 7:05 am

Kroll Bond Rating Agency assigned preliminary ratings to five classes of notes issued by Alliance Funding Group ABS I, (AFG 2023-1), which represents the first equipment ABS transaction to be sponsored by Alliance Funding Group. read more

FEB 21, 2023 - 7:03 am

According to ACT Research’s latest State of the Industry: NA Classes 5-8 report, January heavy-duty orders were relatively weak, but it remains to be seen whether this represented a pause after robust year-end orders, or the beginning of a more broad-based pullback in demand. read more

FEB 21, 2023 - 7:00 am

According to the recent issue of ACT Research, January’s backlog-to-build ratio (BL/BU) increased to 9.9 months after averaging roughly eight months since August of 2021, reflecting a lower build rate. read more

FEB 21, 2023 - 6:57 am

According to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks report published by ACT Research, January used Class 8 retail volumes (same dealer sales) increased 24% month over month and were 2% higher compared to January of 2022. read more

FEB 17, 2023 - 7:01 am

According to the Equipment Leasing & Finance Foundation's February 2023 Monthly Confidence Index for the Equipment Finance Industry, confidence in the equipment finance market during this month reached a mark of 51.8, an increase from the January index of 48.5. read more

FEB 16, 2023 - 7:22 am

Kroll Brand Rating Agency UK released a report on Europe’s potential for asset-backed securities (ABS) based on solar photovoltaic (PV) panel financing collateral. read more

FEB 15, 2023 - 7:07 am

According to ACT Research’s latest release of the North American Commercial Vehicle Outlook report, pent-up vehicle demand and still elevated carrier profits in early 2023 are continuing to provide a supportive environment for new equipment. read more

FEB 14, 2023 - 6:59 am

According to Fleet Advantage's latest industry benchmarking survey, 42% of respondents said they are leasing their trucks, which was up from 31% last year and 14% two years ago. read more

FEB 9, 2023 - 7:20 am