June used Class 8 retail volumes (same dealer sales) were 1% higher month over month according to ACT Research. Longer term, volumes dropped 44% year over year and were 34% lower year to date. read more
JUL 29, 2022 - 7:22 am
According to ACT Research’s latest State of the Industry: U.S. Trailer Report, June net U.S. trailer orders of 25,444 units were 31% higher compared with May and nearly 122% above June 2021 levels. read more
JUL 26, 2022 - 7:13 am
According to the latest release of ACT Research’s for-hire trucking index, volume and pricing is down, with capacity still on the high side, resulting in a lower supply-demand balance in June. read more
JUL 25, 2022 - 7:24 am
According to Ritchie Bros.’ July market trends report, mix-adjusted price indexes (for April to June) showed prices for used large and medium earthmoving categories were up 15% and 20% year over year, respectively, while aerial equipment was up 18% in the United States. read more
JUL 20, 2022 - 7:17 am
According to ACT Research’s latest State of the Industry: NA Classes 5-8 report, surging inflation, the Fed hiking interest rates into a potential recession and supply chain disruptions remain overarching themes. read more
JUL 20, 2022 - 7:10 am
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
JUL 18, 2022 - 7:08 am
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
JUL 18, 2022 - 7:05 am
According to ACT’s latest release of the North American Commercial Vehicle OUTLOOK, ACT lowered their GDP forecast, but continues to believe there is demand, and built-up purchasing power among consumers, albeit mitigated by inflation, to support growth in 2022. read more
JUL 15, 2022 - 7:14 am
CIT’s Maritime Finance business provided $80 million to refinance two Korean-built container ships operated by Seamax. read more
JUL 13, 2022 - 7:26 am
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
JUL 12, 2022 - 7:19 am
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
JUL 11, 2022 - 7:23 am
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
JUL 11, 2022 - 7:12 am
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
JUL 6, 2022 - 7:08 am
ACT Research analysts believe the probability of a mild recession is now nearly as likely as that of their base-case scenario, and that the odds of a recession materializing, in some form or fashion, are essentially 50/50. read more
JUL 1, 2022 - 7:16 am
Solectrac, makers of electric tractors and an operating company of Ideanomics expanded its certified dealer network with the addition of Ocala Tractor, Schow's and Georgia Land Equipment in Florida, Idaho and Georgia. read more
JUN 30, 2022 - 7:21 am