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

ACT Research: US Net Trailer Orders Up 93% Y/Y in May, Largely Unchanged M/M

According to ACT Research, May net U.S. trailer orders of 19,445 units were virtually unchanged compared to April, falling just 0.8% month over month. However, May’s order numbers were 93% higher compared with May of 2021. read more

Ritchie Bros.: Truck Tractor Prices Rise 46% Y/Y in June

According to Ritchie Bros.’ June market trends report, truck tractor prices are up approximately 46% year over year in the United States, but the rate of increase is down six percentage points from last month. read more

ELFA’s Credit and Collection Manager Surveys Indicate Strong Booking Volume

According to the Equipment Leasing and Finance Association’s recently released Credit manager and collection manager surveys, expectations for booking volume are strong and credit quality is good despite a slight increase in delinquency, which, along with charge-offs, still remains low. read more

ACT Research: Class 8 Retail Volumes Decline M/Y and Y/Y in May

According to the latest preliminary data from ACT Research, preliminary used Class 8 retail volumes (same dealer sales) in May fell 10% month over month and were 40% lower compared to May of 2021. read more

ELFF: Equipment Finance Industry Confidence Rises Slightly in June

According to the Equipment Leasing & Finance Foundation’s June 2022 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) overall confidence in the equipment finance market is 50.9, up from the May index of 49.6. read more

IDC: PC Shipment Volumes Expected to Decline 8.2% in 2022

According to a new forecast from International Data Corporation, global shipments of traditional PCs will fall 8.2% year over year in 2022. Similarly, the forecast for worldwide tablet shipments calls for a 6.2% decline compared to 2021. read more

Semiconductor Revenue to Grow 13.7% in 2022 Despite Continuing Supply Chain Challenges

According to International Data Corporation, worldwide semiconductor revenue is expected to reach $661 billion in 2022, a 13.7% year-over-year growth rate following strong 2021 results where revenues reached $582 billion. read more

ACT Research: Chances of a Mild Recession Increasing

According to ACT’s latest North American Commercial Vehicle Outlook, the potential for a mild recession is becoming increasingly likely. read more

LeaseQuery: Leases Return to Pre-Pandemic Levels; Costs and Liabilities Rise

According to LeaseQuery, the average number of leases companies hold has returned to or exceeded pre-COVID-19-pandemic levels. However, companies are finding that the cost and liabilities of leases are on the rise. read more

Small Business Loan Approval Rates Rise Once More in Ma

Small business loan approval percentages at big banks (more than $10 million in assets) rose from 15.1% in April to 15.3% in May, while approval rates at small banks (under $10 billion in assets) rose to 20.9%, according to the latest Biz2Credit Small Business Lending Index. read more

ISM: Economic Activity in Hospital Subsector Grows in May

According to the latest Hospital ISM Report On Business from the Institute for Supply Management, economic activity in the hospital subsector grew in May for the 24th consecutive month. read more

ISM Reports Continued Yet Slower Growth in Services Sector in May

Economic activity in the services sector grew in May for the 24th month in a row, with the Services PMI registering 55.9%, according to the latest Services ISM Report on Business from the Institute for Supply Management. read more

ISM: Manufacturing Activity Grows in May Amid Supply Chain Constraints

Economic activity in the manufacturing sector grew in May, with the overall economy achieving a 24th consecutive month of growth, according to the Manufacturing ISM Report on Business from the Institute for Supply Management. read more

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