Classes 3-8 Used Trucks, published by ACT Research, used Class 8 same dealer sales volumes were up 24% year-to-date against the first nine months of 2019, with average price, miles and age all below September 2019 ytd rates, down 14%, 2%, and 9%, respectively. Following a consistent trend over the last four months of averages of 19,000 trucks, January totals dropped to 17,700 units. “There are a lot of young trucks out there,” said Kenny Vieth, ACT president and senior analyst. However, with growth comes growing pains as some in the industry are hearing they may not be able to get a new natural gas vehicle (NGV) for many months from now. The resurgence in truck orders and production got more good news, with net orders for heavy-duty Class 8 commercial vehicles going up 84 percent in May year-over-year, according to data from ACT Research, a provider of data and analysis for trucks and other commercial vehicles. Orders for Classes 5-7 decreased 9.4% on a month-over-month (m/m) basis to 17,300 units. Orders were down 8% from February and 67% year-over-year. He also spent two decades in domestic and international media relations and executive communications with General Motors. A major driver of this growth is the booming U.S. economy. Final order numbers and complete industry data will be published in mid-October. Alan Adler is a Detroit-based award-winning journalist who worked for The Associated Press, the Detroit Free Press and most recently as Detroit Bureau Chief for Trucks.com. That was the conclusion of industry experts Tuesday at the 13th annual Wolfe Research Global Transportation & Industrials Conference conducted online because of the coronavirus pandemic. With practically no new truck production in April and May because of stay-at-home orders, bloated inventories fell by 11,900 units. Rush expected them to be 10% or higher. Coupling that push-out with April’s anemic 4,300-unit order volume, the case could be made that the effective order rate in April was negative 6,000, Vieth said. Columbus, Indiana – Orders for Class 8 vehicles surged in October, rising to a 35-month high of 36,033 units, according to ACT Research. ACT reported preliminary orders of 18,100 Class 8 trucks in June. Prior to COVID-19 shutting down the global economy, ACT was expecting 2020 Class 8 production of 225,000 units, well below 2019’s record production of 345,000 trucks. 4 Platform Science grows collaborations, Trailer orders dip in November but strong demand continues. So, regardless of the fact that natural gas engines, CNG/LNG fuel systems, and other necessary components are readily available from reputable suppliers across the country, the OEM build slots – or lack thereof – is hindering the immediate growth of heavy-duty NGVs here in 2018. Class 8 Truck Orders Continue To Struggle, Says ACT March 3, 2016 pdamon ACT Research , Class 8 vehicles Preliminary orders for Class 8 vehicles in North America in February fell 43% from the same month a year ago, according to information from ACT Research, the Indiana-based analyst of the North American and Chinese commercial vehicle markets. As the pushed-out orders come back into the backlog, they won’t be recounted as new orders. “In the last 10 days, there’s been some slight uptake,” he said. Class 8 trucks totaled 24,600 net new orders in July, while Classes 5-7 posted 15,900 net orders, according to the latest report by ACT Research. We’ve still got to get the country turned on.”. ACT: 2020 Heavy Duty Truck Market Closing on a Robust Note ACT Research presents mixed results for November used Class 8 … The number of financial institutions working behind the scenes to help people is unknown, he said. During April, the Class 8 backlog saw 10,000 units removed with the production orders being pushed beyond 12 months, the definition of a backlog. Any truck order, whether for a diesel or NGV, is subject to this backlog. Truck orders have also likely gained an additional boost due to the new tax law, which for 2018 offers companies the ability to accelerate depreciation on capital assets. “Arguably, you could have made the case that instead of 2,800 cancellations, there should have been 12,800 cancellations,” Vieth said, adding that May to August typically is the industry’s weakest order period. Lost production in March and April combined with an expected 30% drop in production in 2020 means DTNA production could fall more than 40% below 2019, Cota said. “If we get a second wave of this thing and shut down again, look out,” Rush said. ACT Research is featured regularly by major news outlets for our work covering class 8 truck orders, sales, forecasting, used truck sales, freight rates, trailer sales and much more. A late pullback of 10,000 bookings by one manufacturer dropped the month into negative territory with little improvement expected in May and no significant recovery until 2022. NGVs are currently one of the only commercially available vehicle platforms that can provide significant emission reductions across most heavy-duty weight classes. Orders were +31% m/m and almost (3) times the level of November 2019. North American Class 8 orders for January are down month over month but up year over year, according to both FTR and ACT Research. Classes 3-8 Used Trucks, published by ACT Research, used Class 8 same dealer sales volumes, average miles and […] “The private fleets are swimming in capacity.”. 12.02.20 “While orders are weak relative to year-to-date activity, June’s orders were up 39% compared to last year,” said Kenny Vieth, president and senior analyst at ACT Research. In recent weeks, we have begun to see the first round of state-level programs open for public and private fleets to apply for a piece of the $2.9 billion Volkswagen Settlement Environmental Mitigation Trust Funds. “Following a high-side breakout in September, Class 8 orders exploded in October as large fleets returned to the U.S. market, and the Canadian market remained red-hot,” says Kenny Vieth, ACT Research president and senior analyst. class 8 trucks | ACT Research is a recognized leading publisher of commercial vehicle industry data, market analysis, and strategic forecasting services for the North American market. While MD orders were down from … For over 30 years our team of expert analyst have provided quality data to businesses within the commercial vehicle industry. ACT Research Co.’s numbers on preliminary North America Class 8 orders show the industry booked 16,900 units in February, up a modest 5% from January, but down 58% from year-ago February. | February 6, 2019 Preliminary North American Class 8 truck orders numbers from ACT Research hit just 15,800 units last month, down 26 percent from December and 68 percent from January 2018. 9 Daimler drives trucking’s electric future, FreightTech 25: No. Nicki Alcombright, 310-573-8567editorial@act-news.com, Tony Quist, 310-573-8564advertise@act-news.comDownload Media Kit, Samantha Miyamoto, 310-573-8548subscribe@act-news.comSubscribe to ACT News, Copyright 2020 Gladstein, Neandross, & Associates. “You don’t realize how many extensions and deferrals have been done on payments,” he said. Drayage Fleets Get a Glimpse of a Fuel Cell Future, Fleet Spotlight: Starting with a Green-Minded Approach, Transit Electrification Leads to Innovative Partnerships, ABB, AFC Energy Partner to Develop EV Charging Solutions, GAO issues automated technologies workforce recommendations, Technology Reduces Deadhead Miles, Improving Trucking Efficiency, What Fleets Need to Consider When Electrifying Their Depots, EV Fleets 101: Building Your EV Infrastructure Plan, Blending Renewable Hydrogen into the Natural Gas Pipeline: Key Opportunities and Challenges, A Look Inside Proterra Battery Technology for Commercial EVs. The evolution of the heavy-duty natural gas truck market has experienced year-over-year growth that is supported by an existing and expanding natural gas fueling infrastructure. Rush said the longer-term effects of the pandemic, such as delinquencies and bankruptcies, are not yet visible. ACT reports show a similar drop in medium-duty. Click the "CC" button in the bottom right to activate while programming is live. A major driver of this growth is the booming U.S. economy. © Copyright 2020, All Rights Reserved, FreightWaves, Inc, Class 8 backlog drop implies negative orders in April, Podcasts: FreightWaves FreightCasts Network, The Forum at FreightWaves LIVE (Fall 2019), Court action prevents union from striking against Union Pacific, The Daily Dash: Republic cancels Nikola truck order; Forward Air recovering, Rail union mulls action against Union Pacific over COVID-19 woes, FreightTech 25: No. From the growing economy to available grant funding, there are several factors that are impacting the entire heavy-duty truck market and the immediate deployment of NGVs. Class 8 Truck Orders Trailer Orders Trucking Conditions (TCI) Shippers Conditions (SCI) 12.18.20 FTR’s Trucking Conditions Index for October Jumped to Highest Level Ever Measured. This has created an ideal win-win situation for state agencies that are looking for projects to fund with their share of Volkswagen settlement funds that can achieve significant emission reductions, and for fleet operators who need vehicle products that can be purchased from major OEMs and have an established supply chain to ensure assets can be maintained for the long haul. Net orders for heavy-duty Class 8 commercial vehicles increased 91 percent in April compared with the same month last year, according to ACT Research Co. April already was the worst month for Class 8 truck orders in a quarter-century. FTR reports preliminary North American Class 8 net orders exploded in November to the third-highest total ever at 52,600 units. Preliminary orders for Class 8 trucks came in at 15,200 units in March, according to FTR, marking the lowest March for orders since 2010. The medium-duty market did not swoon as sharply through the shutdown, leaving less pent-up energy to the upside. In spite of the headlines, or lack thereof, the heavy-duty natural gas truck market continues to steadily march forward and mature, and is on track to have one of its best sales years ever. “February marks the third consecutive month of … NGVs are currently one of the only commercially available vehicle platforms that can provide significant emission reductions across most heavy-duty weight classes. View a directory of organizations bringing to market the advanced vehicles, fuels and technologies driving the future of sustainable fleet transportation. “There would be some tough decisions made.”, Serving the global freight industry with the fastest and most comprehensive news insights and market data on the planet. This updated status of the North America commercial vehicle market was included in the State of the Industry report, recently released by ACT … Orders of Class 5 to 8 vehicles, which also includes medium duty pickup trucks, collectively decreased to 31,500 units, or the lowest total since September 2012, ACT said. But FTR says demand is still strong, but supply is limited, with … Class 8 net orders rose to a nine-month high in July. We’ll continue to see flickers.”. North American Class 8 orders took another plunge in April to an unprecedented level of 4,000 units, according to new reports from FTR and ACT Research. 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