Equipment Sector

Evidence of COVID-19 Apparent in March Commercial Vehicle Orders

Preliminary NA Class 8 net orders in March were down 45% from February and 51% lower year over year. March’s Classes 5-7 net orders were down 36% from February and 31% from year-ago levels. read more

ACT Research Indicates COVID-19 Impacting CV Markets

ACT Research’s Transportation Digest reported that key truck transportation metrics of January and February data may show a global supply chain disruption that took place initially in China. read more

ATA Truck Tonnage Drops Slightly in February

American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index was down 2% in February after increasing 2.5% in January. read more

Trinity Realigns Executive Management, Adjusts 2020 Guidance

Trinity Industries realigned responsibilities for its senior executives and withdrew the fiscal year 2020 guidance provided on the company’s year-end earnings call. read more

February Used Class 8 Sales Rise 14% M/M and 9% Y/Y

Used Class 8 same dealer sales volumes improved 14% month over month in February, with longer-term sales rising 9% year over year, according to ACT Research. read more

Moody’s Shifts Aerospace and Global Defense Outlook to Negative

Moody’s has adjusted its outlook of the aerospace and global defense sector to negative as coronavirus-driven groundings set to hit aircraft deliveries. read more

Ritchie Bros. Sees Record Bidder Registrations for U.S. & France Auctions

Ritchie Bros. is leveraging online technologies to continue its equipment auctions while maintaining the safety of its customers and employees. read more

SilverChef Supports Hospitality Equipment Finance with IDScloud

SilverChef has selected IDScloud portfolio management solution to support its equipment financing for the hospitality industry. read more

U.S. February Trailer Net Orders Down 45% Y/Y

February net U.S. trailer orders were down 15% month over month and 45% below the previous year, according to an ACT Research report. read more

Severe Setback Expected for China’s CV Markets in Q1/20

China’s heavy and medium truck markets, including tractors, are expected to suffer a severe setback in Q1/20, before a small recovery in Q2. read more

COVID-19 Has Little Impact on February CV Data, Future Impact Expected

Class 8 inventory-to-sales ratio, seasonally adjusted, hit 3.5 months in February, while the Classes 5-7 inventory-to-sales ratio dropped from a “highest in a decade” in January to 3.0 months in February, according to ACT Research. read more

Ritchie Bros. Sells $44MM+ of Equipment at Las Vegas Auction

Ritchie Bros. sold more than 2,750 equipment items and trucks for over $44 million at its Las Vegas auction. read more

Fitch Ratings Lowers Aircraft Lessor Sector Outlook to Negative

Fitch Ratings has revised its sector outlook for global aircraft lessors to negative from stable, reflecting elevated downside risks from the global spread of the coronavirus. read more

ACT Reports Upcoming Emission Regulations to Benefit Smaller Engines

According to ACT Research and Rhein Associates, upcoming emission regulations will benefit smaller engines. read more

Ritchie Bros. Increases Online Auction Participation Amidst COVID-19 Concerns

In response to rising COVID-19 concerns, Ritchie Bros. is making temporary changes to its on-site auctions to increase online participation. read more

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