Equipment Sector

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

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

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

ACT Research: Recession Odds Growing

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

Solectrac Expands Nationwide Electric Tractor Sales Network with Three New Dealer Partnerships

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

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

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

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

Infiniti Energy Closes on $117MM in Financing to Support Commercial Solar Projects

Infiniti Energy closed on an up to $87 million tax equity facility and a $30 million construction revolver earmarked to support a portfolio of commercial solar projects. 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

FedEx Receives 150 Electric Vehicles from BrightDrop to Advance Fleet Electrification

FedEx received its first 150 Zevo 600 electric delivery vehicles from BrightDrop, the technology startup from General Motors that is aiming to decarbonize last-mile delivery. The first 150 BrightDrop Zevo 600s were delivered throughout Southern California to FedEx Express. 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

ACT Research: May Preliminary US Trailer Orders Rise 111% Y/Y

According to preliminary data from ACT Research, net U.S. trailer orders in May reached 18,300 units, which was down about 7% from April but up 11% compared with May 2021. read more

ACT Research: Lack of Semiconductor Availability Continues to Hamper OEM Production

In the recent release of its Commercial Vehicle Dealer Digest, ACT Research reported that its analysts are less confident that supply chain issues will subside enough for commercial vehicle OEMs to fully meet customer demand this year and next. read more

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Terry Mulreany
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