ACT: June Used Truck Sales Drop 39% Y/Y, Average Retail Prices Up 50% Y/Y

Preliminary used Class 8 retail volumes rose 6% month-over-month but were 39% lower compared to June of 2021, according to ACT Research. Compared to June 2021, the average retail price was 50% higher. read more

ACT: June Net Trailer Orders Down 21% M/M, Up 33% Y/Y

Preliminary net trailer orders in June were 15,300 units, down about 21% from the previous month, but up a significant 33% from the same month last year, according to ACT Research. read more

ELFF Forecasts 5.9% Growth in 2022 Equipment and Software Investment

The 22 Equipment Leasing & Finance U.S. Economic Outlook, released by the Equipment Leasing & Finance Foundation, forecasted equipment and software investment growth of 5.9% in 2022, while annualized GDP growth is expected to slow to 1.6% this year. read more

Supply Chains Unlikely to Stabilize Until First Half of 2024 or Beyond

According to a new survey of supply chain executives by Carl Marks Advisors, in partnership with SupplyChainBrain, more than half of all respondents don’t expect a return to a more normal supply chain until the first half of 2024 or beyond. read more

KBRA: Pandemic Reemphasizes Need for Leverage, Liquidity in Aircraft Leasing

According to a new report from Kroll Bond Rating Agency, the COVID-19 pandemic has reemphasized that appropriate leverage, strong liquidity and laddered debt maturities are key for regional aircraft lessors to manage market events. read more

IDC Reports 15.3% Decline in PC Shipments in Q2/22

According to preliminary results from the International Data Corporation’s Worldwide Quarterly Personal Computing Device Tracker, worldwide shipments of traditional PCs declined 15.3% year over year to 71.3 million units in Q2/22. read more

Used Heavy-Duty Truck and Semi-Trailer Values Decline as Inventory Grows

According to recent market reports from Sandhills Global, used heavy-duty truck and semi-trailer inventory levels have experienced consecutive months of increases as well as a decrease in auction values. read more

SFNet Reports ABL Market Confidence Positive in Q1/22 Despite Fluctuating Economy

According to data released by the Secured Finance Network in its quarterly asset-based lending index and SFNet confidence index, confidence in the asset-based lending market was positive in Q1/22, but banks and other lenders are watchful of a fluctuating economy. read more

Manufacturing Economic Activity Grows in June Despite Decline in Some Metrics

According to the latest Manufacturing ISM Report on Business, economic activity in the manufacturing sector grew in June, with the overall economy achieving a 25th consecutive month of growth despite the Manufacturing PMI falling to its lowest level since June 2020. read more

ACT Research: Preliminary Class 8 Net Orders Reach 15.5K Units in June

According to preliminary data from ACT Research, North American Class 8 net orders in June reached 15,500 units, while Classes 5-7 net orders reached 17,800 units. read more

IDC: Public Cloud Services Revenue Grew 29% in 2021

According to the International Data Corporation Worldwide Semiannual Public Cloud Services Tracker, applications, grew 29.0% year over year in 2021 with revenues totaling $408.6 billion. read more

ACT Research: Used Class 8 Sales Rise 8% M/M and 38% Y/Y in May

According to ACT Research’s latest release of its State of the Industry: U.S. Classes 3-8 Used Trucks report, used Class 8 retail volumes (same dealer sales) were 8% higher month over month in May. Longer term, volumes were down 38% year over year. read more

Intensified Economic Challenges Push Business Leaders’ Optimism to Record Lows

According to JPMorgan Chase’s 2022 Business Leaders Outlook Pulse survey, just about one in five business leaders (19%) said they’re optimistic about the U.S. economy for the year ahead, the lowest percentage recorded in 12 years of survey data, and down from 75% one year ago. read more

ACT Research: Demand for Heavy Trucks in China Falls 50% Y/Y in Q1/22

According to ACT Research, domestic demand for heavy trucks in China fell more than 50% year over year in Q1/22, while the tractor market shrank almost 67% and domestic demand for medium-duty trucks dropped 46% compared with Q1/21. read more

May New Business Volume in Equipment Finance Rises 16% Y/Y, Falls 10% M/M

According to the Equipment Leasing and Finance Association, overall new business volume in the equipment finance industry for May was $9.4 billion, up 16% year over year but down 10% from $10.5 billion on a month-over-month basis. read more

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