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Category: Equipment

Class 8 Regression to the Mean Coming in 2020

Class 8 Regression to the Mean Coming in 2020

| December 3, 2019

Class 8 market is moving from peak activity in sales and build in 2019 to a substantial correction in 2020 According to ACT Research’s recently released Transportation Digest, the Class 8 market is moving from peak activity in sales and build in 2019 to a substantial correction in 2020. Activity for the total MD market […]

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Penske Truck Leasing Celebrates 50th Anniversary

Penske Truck Leasing Celebrates 50th Anniversary

| December 1, 2019

Company was founded in 1969 by Roger Penske in Reading, Pennsylvania Penske Truck Leasing (“PTL”) marks its 50th anniversary. Penske Truck Leasing was founded in 1969 by Roger Penske in Reading, Pennsylvania. The company was created through the acquisition of a car and light truck rental and leasing business with three locations in eastern Pennsylvania. To help commemorate the company’s 50th anniversary, the Pennsylvania State […]

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Auction Market Firms Up, Retail Market Plays Catch-Up

Auction Market Firms Up, Retail Market Plays Catch-Up

| November 25, 2019

Class 8 pricing stable at auctions as volume recedes In the November 2019 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported that despite the steady rate of depreciation in the auction channel, trucks continued to lose value in the retail channel. The medium-duty truck market experienced sales of older, higher-mileage trucks, which […]

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U.S. Trailer Net Orders Up 71% M/M, but Down 42% Y/Y and 52% YTD

U.S. Trailer Net Orders Up 71% M/M, but Down 42% Y/Y and 52% YTD

| November 22, 2019

OEMs are encountering pricing pressure, as the market pendulum has swung to the fleets’ advantage New US trailer orders of 37.2k were up 72% month-over-month, and after accounting for cancellations, net orders of 31.8k hit their fourth consecutive sequential rise, increasing 71% from September, but down 42% compared to October of 2018. Year-to-date, however, net […]

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ClipperCreek Expands Trade-UP! Program with launch of New Plug-in Dual Charging Stations

ClipperCreek Expands Trade-UP! Program with launch of New Plug-in Dual Charging Stations

| November 21, 2019

ClipperCreek now includes their new plug-in 32 Amp dual charging stations in the popular buy-back program ClipperCreek, a leading manufacturer of residential and commercial electric vehicle supply equipment (EVSE), just announced a new plug-in dual electric vehicle (EV) charging station, the HCS-D40P. The HCS-D40P is a 32 Amp, level 2 plug-in station, installs onto a single […]

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Preliminary Used Class 8 Volumes Spike M/M

Preliminary Used Class 8 Volumes Spike M/M

| November 21, 2019

As Prices Fall, Miles Rise and Age Is Unchanged Preliminary used Class 8 volumes (same dealer sales) grew 42% month-over-month and 6% year-over-year in October, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research, but year-to-date preliminary volumes dropped 17%. Other data released […]

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