Equipment Sector

Used Class 8 Retail Sales Fluctuates During Fall Season

According to ACT Research’s latest release of the State of the Industry, used Class 8 retail volumes are down 19%, average prices are down 2% for average milage and prices are up 15% year to year. read more

Mini Excavator Sales on the Rise, Excavator Large Unit Volumes Down

According to Ritchie Bros.’ recent November Market Trends Report, there has been a continued rise in popularity of compact earthmoving equipment, as U.S. excavator large unit volumes are down significantly in 2022, while mini excavator sales have been increasing. read more

Penske Truck Leasing Opens First Full-Service LEED-certified Facility

Penske Truck Leasing opened a state-of-the-art facility in Akron, OH. The new facility is Penske's first-ever full-service rental and leasing facility that is leadership in energy and environmental design (LEED) certified. read more

Spot Rates Decline, Concerns About Diesel Shortage Rise

Recently, ACT Research released the latest installment of the ACT Freight Forecast, U.S. Rate and Volume OUTLOOK report. According to the report, lower freight costs are set to grow in 2023. read more

October’s Used Truck Average Retail Volumes Decrease 30% Compared to 2021

According ACT Research, preliminary used Class 8 retail volumes (same dealer sales) in October decreased 10% month over month and were 30% lower compared to October 2021. read more

Ritchie Bros. Sells More Than $64MM of Equipment and Trucks in Houston

Ritchie Bros. attracted more than 11,200 online bidders to compete for more than 6,000 items, generating more than $64 million in gross transaction value at its final auction of the year in Houston. read more

Ideanomics Secures Funding from DLL to Expand Solectrac Dealer Network

Ideanomics secured strategic financing from global financial solutions provider DLL to enable expansion of Solectrac, adding seven more certified dealers to its dealer network. read more

November Commercial Vehicle Forecasts Slightly Higher Than October, Class 8 Forecasts Stable

According to ACT Research’s latest release of the North American Commercial Vehicle Outlook, 2022 forecasts this month are slightly raised from October caused by easing supply-chain constraints. read more

Fleet Industry’s $75B Can Convert Electric Vehicles

AlixPartners, the global consulting firm, released an analysis of the commercial and governmental fleet industry in the United States, finding that operators could be wasting upwards of $75 billion. read more

ACT Research Reports Slightly Lowered Forecasts as Fed Continues to Raise Rates

In the latest release of its Commercial Vehicle Dealer Digest, ACT Research reported slightly lowered forecasts due to the Federal Reserve’s continued action toward inflation, which it says is disproportionally impacting the freight economy. read more

October Class 8 Orders Continue to Rise

According to preliminary data from ACT Research, North American Class 8 net orders in October were 42,500 units, while Classes 5-7 net orders were 23,400 units. read more

Ritchie Bros. Generates More Than $73MM at Edmonton Auction

Ritchie Bros. attracted more than 16,500 bidders to compete for more than 10,000 items, generating more than C$99+ million ($73 million) in gross transaction value at its fifth Edmonton, AB, auction of the year. read more

ACT Research: September US Trailer Orders on The Rise

According to the recent issue of ACT Research’s State of the Industry: U.S. Trailers report, September net U.S. trailer orders of 26,086 units were 47% higher compared to the previous month but 8% below the year-ago September level. read more

Fleet Advantage Plans to Order 200 EV Class 8 Tractors for Delivery in Q1/23

Fleet Advantage, an innovator in Class 8 fleet data analytics, equipment financing and life cycle cost management, will place orders for 200 EV Class 8 tractors, with deliveries beginning in 2023. read more

ACT Research: Used Class 8 Retail Volumes Drop in September

According to the latest release of the ACT Research’s State of the Industry: U.S. Classes 3-8 Used Trucks report, used Class 8 retail volumes were down 12% month over month in September. read more

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