All good things must come to an end. For trailer sales, which wavered at the start of the coronavirus pandemic but came back with a vengeance in June 2020, it appears that the skyrocket has begun to run out of fuel.The NumbersFTR and ACT Research are very close in their estimates this month, at 11,000 […]
Since at least June 2020, each month of truck sales has been higher than the same month the year prior. We are now entering the anniversary of the “skyrocket” phase of the COVID-19 pandemic, where a delay in demand reared its head, so it is hard to say how long the streak will last. For […]
There appears to be a strong connection between the number of Class 8 trucks sold in a given month and the number of trailers ordered. A statistical analysis of this may make for a good article on an otherwise slow news day, but for now we will focus on the trailer sales for May 2021. […]
The two primary data collectors for Class 8 truck sales in the United States, ACT Research and FTR differ slightly on their estimates for the month’s sales. Ultimately they can agree on one thing: it is a large increase from the same time last year. The Numbers ACT has their estimate set at 22,900 trucks […]
ACT Research has published the results of trailer sales for April 2021, and the numbers when compared to the fourth month last year, when the coronavirus pandemic was in full force, can be succinctly described by this GIF:In short, the numbers are exploding!The NumbersLooking at the transition from March to April, you may be inclined […]
For months industry experts have forebode of a truck shortage. A lack of microchips and other parts, plus the occasional worker strike at plants, combined with an increased demand for shipped goods as the country continues to recover from the pandemic suggests that demand exceeds supply means there will eventually be a dearth of trucks. […]
For a majority of the past year, we have been writing about how the pent up demand for trucking services due to the coronavirus pandemic has caused the trucking industry to rebound with terms such as “on fire” and “skyrocket on top of a skyrocket”. Frankly, we are running out of terms to describe how well the trucking industry is performing right now. Exploding? Volcanic?
Listen to this article Similar to the trailer sales in January, February trailer purchases decreased when compared to the month prior, but are extraordinarily higher than they were at the same time last year. ACT Research has compiled and reported the numbers. Trailer Sales Numbers February 2021’s trailer sales totaled approximately 24,000 units. This is […]
It is probably a surprise to nobody that truck sales for any given month has a similar pattern as trailer sales, namely that as truck sales increase, trailer sales tend to increase as well. Last month’s truck sales yielded positive or negative results depending on the angle it was approached; trailer sales did the same. […]
ACT and FTR differ on their numbers for Class 8 truck sales by a few hundred each month, but their general messages are the same. This prior month’s message being that the trucking industry is cooling off from the holiday season, but still shows promise of being on fire.The NumbersACT has sales for January set […]
Hopefully this will be the last time we say it, because it is getting fairly old. At the same time, it is not inaccurate. The coronavirus pandemic did not reduce the demand for trucking services and assets, it only pushed that demand to a further date. If 2020’s new truck sales compared to 2019 did […]
“September’s rank as third-best month in industry history was short-lived, as October activity now takes that title,” Frank Maly, director CV Transportation Analysis and Research at ACT Research, said.As we predicted back in October, the trailer sales for that month were higher than those of September, by only a few thousand. A 6% increase, more […]
Either in spite of, or because of, all the crazy events happening in 2020, trailer sales for the recent months have been going up, up, up. We at TopMark Funding wrote in an article for July trailer sales, saying, “It will be interesting to see where August stands on the scale.” That data is officially […]
Pardon the pun, but the trucking industry is on a roll. Trucking sales rose for yet another consecutive month. The Data Two studies, one from the Freight Transportation Research Associates (FTR) and the other from Americas Commercial Transportation Research Company (ACT), tell ever so slightly different stories. ACT estimates Class 8 truck sales for the […]
Here at TopMark Funding, we wrote about how we believed the coronavirus pandemic was ending soon. That article is almost two months old at this point, and the pandemic continues. The interesting thing is that despite all of the fear of the coronavirus pandemic for the past five or so months, the trucking industry continues […]
At the beginning of July, we wrote an article detailing some good news for the health of the trucking industry: new truck orders in June broke expectations. Following up, in comparison, new trailer sales completely shattered all expectations for that month. The Data According to Americas Commercial Transportation Research Company (ACT), U.S. trailer orders for […]
