2020-10-16T21:23:00+00:00
Year 2020 has been a year of dealing with uncertainty and adapting to the current environment. Every class of retail sales in the industry saw year over year downfall, likely due to the COVID-19 outbreak. However, Class 8 market took the most noticeable drop at more than 60% decline in May 2020 compared to last…
2020-04-27T06:11:47+00:00
Not so long ago, forecasts for the 2020 truck and trailer market were that we should expect a “correction.” The strong 2019 market began to lose its luster in the final months of the year and opened 2020 as expected, without a bang. But how much worse it has actually become, could not have been forecasted. The unprecedented…
2020-02-08T06:09:00+00:00
The high-expectations for orders in the Class 8 market have leveled out to a more modest strength, November booking less than October by 4400 units. Medium duty markets as well showing weakness in demand, caused by lower orders, falling backlogs and overstocked inventories. Trailer supply has nearly caught up with trailer demand, sending ordering levels into a flat…
2018-10-08T06:42:00+00:00
Reports heralded the positive economic indicators for September 2018, but trade war, tariffs and rising prices are significant concerns. A closely watched survey on U.S. consumer sentiment hit a high range in September achieved only two other times since 2004. A recent study indicated that the rate of manufacturing growth in the U.S. slowed last…
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