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ACT: Tractor Purchasing Intentions Jump 10%+ in October

November 18, 2016, 07:00 AM
Filed Under: Trucking
Related: ACT Research

The pricing index bounced to its highest reported number in the past twelve months in October with a reading of 52.7, according to the most recent ACT For-Hire Trucking Index from ACT Research Co., LLC (ACT). Twenty-five percent of respondents reported a modest increase, with 57% seeing no change in their revenue per mile.

Purchase intentions jumped more than 10% for tractors in October, with 41% planning purchases in the next three months. Thirty-five percent of the respondents plan to buy trailers in that period, an increase of six points compared to September. Almost all the purchases will be new and will be used to expand truckers’ fleets.

ACT is the worldwide leading publisher of new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market, as well as the U.S. tractor-trailer market and the China CV market. ACT’s CV services are used by all major North American truck and trailer manufacturers and their suppliers, as well as the banking and investment community in North America, Europe, and China.

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