Sandhills Global previously reported inventory increases occurring in April across Sandhills’ heavy-duty truck, semitrailer, agricultural equipment, and heavy construction machinery marketplaces. Those trends accelerated in May. Truck and trailer...
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June 07, 2023, 07:18 AM
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Preliminary NA Class 8 net orders in April were 11,600 units, down 27 percent year over year (-39 percent month over month, while preliminary Classes 5-7 net orders were 18,000 units, down 10 percent Y/Y (-6 percent M/M).Complete industry data for...
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May 03, 2023, 07:18 AM
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Trucking industry demand was quite healthy in March, despite the turmoil experienced in the banking sector and another interest rate increase. Pent-up demand remains resilient, and cancellations continue at miniscule levels for both heavy duty (HD)...
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April 21, 2023, 07:05 AM
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Downward value trends continued in March across Sandhills Global marketplaces. Used truck and trailer values have been in almost non-stop decline for a year, while used construction equipment values remained in a cooling pattern that began in Q3 2022...
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April 10, 2023, 07:15 AM
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Asking and auction values for used heavy-duty trucks and semitrailers in Sandhills Global marketplaces have been dropping from the all-time highs that began in the second quarter 2022. However, despite almost continual month-over-month value declines...
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February 10, 2023, 07:18 AM
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Transport Enterprise Leasing, LLC (TEL) a commercial truck and trailer equipment lease and remarketing provider, and Cummins Inc., a global power solutions provider, announced TEL has signed a letter of intent planning to purchase Cummins’ 15-liter...
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September 01, 2022, 07:12 AM
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With values in transition across equipment and trucking industries throughout Q2 2022, the newest market reports from Sandhills Global take a deeper look at the growing gap between asking and auction values within Sandhills marketplaces. Data for...
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August 18, 2022, 07:15 AM
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Encina Equipment Finance (EEF) announced it has provided an $8 million lease line to an environmental remediation company for the purchase of heavy-duty and light-duty trucks. EEF was represented by Reed Smith LLP.Launched in June 2017, Encina...
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June 28, 2022, 06:50 AM
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According to the latest Sandhills Global Market Reports, May marked the third consecutive month of inventory increases for used heavy-duty trucks and semi-trailers in Sandhills marketplaces. From April to May, heavy-duty truck inventory was up 17...
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June 06, 2022, 07:05 AM
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According to ACT Research’s latest release of the North American Commercial Vehicle OUTLOOK, while ACT Research still likes the footing of the U.S. economy, with consumers sitting on considerable savings, debt-service historically low, and the job...
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May 11, 2022, 07:00 AM
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The newest Sandhills Global Market Report spotlights flattening inventory levels in Sandhills marketplaces, particularly in the heavy-duty truck and farm equipment markets. Heavy-duty truck inventories, for example, have been flat for four...
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March 14, 2022, 07:15 AM
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Fleet Advantage announced new milestones achieved in exceeding $2.5 billion in lease originations over the last 10 years and helping it become the largest independent lessor for heavy-duty Class-8 trucks. Strategic & Consistent Asset Management A...
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January 26, 2022, 07:10 AM
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In the release of its Commercial Vehicle Dealer Digest, ACT Research reported its heavy-duty forecasts for the remainder of this year and the following two years remain very strong.“Indicators we track for the economy, for freight and for equipment...
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July 28, 2021, 07:05 AM
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The President of Tesla Inc.’s Tesla Heavy Trucking, Jerome Guillen, has left the company, the electric-car maker said Monday. The move comes some three months after Guillen took the position.Tesla confirmed the move in a brief filing with the...
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June 08, 2021, 07:18 AM
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Preliminary NA Class 8 net orders in April were 33,500 units, down 16 percent from March, but a whopping 689 percent higher than April of last year’s COVID-19-stricken intake. NA Classes 5-7 demand, with orders at 27,300 units, slipped 15 percent...
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May 05, 2021, 07:03 AM
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According to ACT Research’s recently released Transportation Digest, the current business environment for heavy-duty trucks doesn’t get much better than this.“Demand for commercial vehicles in North America is about as good as we’ve seen in 35 years...
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April 27, 2021, 07:00 AM
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According to ACT Research’s latest release of the North American Commercial Vehicle OUTLOOK, the list of things to like from the current economic, freight and commercial vehicle demand perspectives is long.According to Kenny Vieth, ACT’s President...
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April 12, 2021, 07:20 AM
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Preliminary NA Class 8 net orders in March were 40,000 units, down 10 percent from February, but a whopping 424 percent higher than March of last year’s COVID-stricken intake. NA Classes 5-7 demand, with orders at 31,400 units, were up 19 percent...
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April 05, 2021, 07:20 AM
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According to ACT Research’s recently released Transportation Digest, supply will be the determining factor of this year’s heavy-duty vehicle market – not demand, which remains hot.“All the indicators we use to track the heavy-duty truck market point...
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March 24, 2021, 07:10 AM
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According to ACT Research’s recently released Transportation Digest, the heavy-duty truck market exploded off the starting blocks at the beginning of the year, with order numbers that build on 2020’s strong close.“The massive supply-demand imbalance...
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March 05, 2021, 07:17 AM
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According to ACT Research’s recently released Transportation Digest, the 2020 heavy-duty truck market will close on a robust note, setting the stage for 2021.“Next year will certainly show significant year-over-year growth, as the industry builds on...
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December 22, 2020, 07:05 AM
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Preliminary NA Class 8 net orders in September were 31,100 units, up 60 percent from August and a whopping 145 percent from an easy year-ago comparison. The NA Classes 5-7 market saw orders at a healthy 26,900 units, up 37 percent month-over-month...
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October 05, 2020, 07:07 AM
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Preliminary NA Class 8 net orders in August were 19,500 units, down 4 percent from July, but up 75 percent from an easy year-ago comparison. The NA Classes 5-7 market saw orders at a healthy 19,400 units, up 16 percent month-over-month, but 2 percent...
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September 03, 2020, 07:15 AM
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According to ACT Research’s (ACT) latest State of the Industry: NA Classes 5-8 Report, Class 8 inventory-to-sales ratio, seasonally adjusted, hit 3.5 months in February, while the Classes 5-7 inventory-to-sales ratio dropped from a “highest in a...
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March 18, 2020, 07:15 AM
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According to ACT Research’s recently released Transportation Digest, key truck transportation metrics continued to give mixed signals in early 2020. Additionally, the report explained that the total medium duty market closed 2019 on a positive note...
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March 05, 2020, 07:05 AM
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Ally Financial announced Sathish Muthukrishnan has joined the company as Chief Information, Data and Digital Officer. Muthukrishnan will lead Ally's technology, data and digital transformation teams, with a focus on advanced technical capabilities...
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January 21, 2020, 07:19 AM
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In the release of its Commercial Vehicle Dealer Digest, ACT Research noted that three factors are at work in the weak outlook for heavy commercial vehicles in the coming two years: demand, supply and timing. While some, like the oversupply of...
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December 27, 2019, 07:10 AM
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According to ACT Research’s (ACT) latest State of the Industry: NA Classes 5-8 Report, the prosperity of the year we are leaving will transition to tougher medium and heavy-duty market conditions in 2020.“After peak build and sales in 2019...
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December 19, 2019, 07:15 AM
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According to ACT Research’s recently released Transportation Digest, the Class 8 market is moving from 2019 peak activity in sales and build into a substantial correction in 2020. Activity for the total MD market was jumbled in August, confirming the...
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October 28, 2019, 07:00 AM
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Since early 2018, ACT Research’s forecasts have called for the up-cycle in the Class 8 market to run out of steam around the third quarter of 2019, according to ACT’s latest release of the North American Commercial Vehicle OUTLOOK.“Over the past...
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October 14, 2019, 07:20 AM
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According to ACT Research’s (ACT) latest release of the North American Commercial Vehicle OUTLOOK, expectations for the Class 8 and trailer markets anticipate an immanent pullback in build rates, as market conditions continue to deteriorate.“With no...
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September 12, 2019, 07:00 AM
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Preliminary North America Class 8 net order data show the industry booked 10,900 units in August, up nearly 6 percent from July, but 79 percent below last August’s best-ever order month, ACT Research reported.“Weak freight market and rate conditions...
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September 06, 2019, 07:10 AM
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In the release of its Commercial Vehicle Dealer Digest, ACT Research noted the heavy truck and trailer markets, and increasingly the medium duty market, are heading for corrections in 2020, even as the slow growth U.S. economic outlook remains...
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September 03, 2019, 07:20 AM
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Preliminary North America Class 8 net order data show the industry booked 10,200 units in July, down 21 percent from June and the lowest monthly order tally since February 2010, ACT Research announced. “Weak freight market and rate conditions across...
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August 05, 2019, 07:10 AM
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Hitachi Capital America (HCA) recently divided its loan and lease programs into medium-duty and heavy-duty truck teams and added several experienced heavy-duty experts.Among those new to the Transportation team are Dave Herring, Jeff Mills and Thomas...
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August 16, 2018, 07:25 AM
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Preliminary North America Classes 5-8 net order data show the industry booked 59,600 units in 2018’s fourth month, ACT Research reported. Complete industry data for April, including final order numbers, are to be published in mid-May.After the order...
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May 03, 2018, 07:10 AM
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For the month of November, preliminary Classes 5-8 order data show the industry booked 36,600 net orders. Note that these numbers are preliminary. Complete industry data for November, including final order numbers, will be published in...
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December 06, 2016, 07:00 AM
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