Steve Tam gave an update on the U.S. used truck market in a presentation at Seminar 61 on August 13th, 2019. Reviewing the market Steve discussed ACT's used truck database, the year-over-year sales (as of the presentation), who comprises the market, how freight impacts the market and much more. The U.S. used truck market reviewed more in ACT's State of the Industry: U.S. Used Truck Classes 3-8 report, a monthly look at the current sales, pricing, mileage, age and general state of the market. ACT Research has been working directly with used truck dealers to gather this information and inform the market on the state of used trucks.
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.
For more information about ACT’s State of the Industry: U.S. Used Truck Classes 3-8 report, please click here.