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You Depend on Data. Depend on ACT Research

You Depend on Data. Depend on ACT Research

The Data You Depend On.

Posted by ACT Research LLC. on Sep 13, 2019, 10:43:18 AM

 

Businesses depend on data to make decisions and solve problems. Businesses in the commercial vehicle markets depend on ACT Research for their data needs. When OEMs, suppliers, and investment firms need information on the market, ACT Research is the leading resource in the industry for analysis and data, providing both a future look at the market in the North America Commercial Vehicle Outlook, as well as a current market analysis in the State of the Industry: North American Classes 5-8 report. In the Classes 5-8 report, ACT receives monthly data for Classes 5-8 directly from the OEMs. ACT Research has been collecting this data since 1996, publishing a report and database rich in market indicators of the commercial vehicle markets. Indicators include backlog, build (production), inventory, new order, cancellation, net order, factory shipment and retail sales statistics monthly from all major North American Classes 5-8 vehicle manufacturers. Data cover the U.S., Canadian, Mexican, and export markets. A list of ACT’s commercial motor vehicle definitions can be found below.

SOI v3

 

LIGHT DUTY: GVW Classes 3-4. Includes, trucks, buses, and recreational vehicles.

LIGHT MEDIUM: GVW Class 5 – some are light, some are medium. Includes trucks, shuttle buses, and RVs

MEDIUM DUTY (MD): GVW Classes 6-7. All fuel types and applications including Class 6-7 school buses.

CLASS 8 VEHICLES: Defined as a straight truck or tractor over 33,001 lbs.

MIDRANGE: Classes 3-7 vehicles. Refers to typical operation range of vehicles, which is primarily of a local and regional nature

BACKLOG: The backlog is the number of vehicles that have been ordered but have not yet been built. Backlog is calculable: Past backlog + current net orders – current build = new backlog.MARKET and/or BUSINESS INDICATORS: Includes new and net orders, cancellations, backlog, build, inventory, factory shipments, and retail sales.

BUILD: Build, or production, pertains to the number of vehicles produced for a given market, NOT the country in which the actual production takes place. When a unit leaves the assembly line it is counted in the build data.

NEW ORDERS: New orders are the total number of orders received by the industry each month. Also referred to as gross orders.

CANCELLATIONS: Cancellations are units that have been ordered previously and are then cancelled. Order and cancellation cannot occur in the same month.

NET ORDERS: New Orders – Cancellations = Net Orders.

INVENTORY: Inventory is the number of units that have been built, but for which no retail sale has yet taken place. Inventory is a calculable number, rather than an additive, number: Past inventory + current build – current retail sales = current inventory.

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FACTORY SHIPMENTS: Units that have been built and have left the factory. Factory shipment data is read as “built-in” a country.

RETAIL SALES: Retail sales are the number of units sold to end-users.

Factory shipments vs. retail sales: For the trucking industry, ACT tracks monthly and annual retail sales data. These numbers differ from factory shipments. Total OEM build is not equal to or the same as factory shipments (as reported by Wards). A factory shipment takes place when the truck leaves the factory. A retail sale takes place when the truck is actually sold. The timing of a vehicle’s build, its subsequent shipment from the producing factory, and the final retail sales are three different events that do not occur on the same day.

In conjunction with the report, ACT disseminates various data files for the benefit of subscribers. To the right is a shot of the client portal on actresearch.net, a glimpse into the various documents and data files that accompany the report.

For more insights into the data, there is a blank Excel data file to view as well.

 

ACT Research is recognized as the leading publisher of commercial vehicle truck, trailer, and bus industry data, market analysis and forecasts for the North America and China markets. ACT’s analytical services are used by all major North American truck and trailer manufacturers and their suppliers, as well as banking and investment companies. ACT Research is a contributor to the Blue Chip Economic Indicators and a member of the Wall Street Journal Economic Forecast Panel. Executive staff appointments include a seat on the Board of Directors of the National Association for Business Economics and Consulting Economist to the National Private Truck Council. Accolades include Chicago Federal Reserve Automotive Outlook Symposium Best Overall Forecast, Wall Street Journal Top Economic Outlook, and USA Today Top 10 Economic Forecasters. More information can be found at www.actresearch.net.

Topics: freight, freight forecast, freight rate, transportation, logistics, shipping, Classes 5-8, NA CV OUTLOOK, class 5-8 trucks, class 8 trucks, commercial truck report

About ACT Research

We're the leading publisher of commercial vehicle industry data, market analysis, and economic forecasting services for the North American market.

 

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