Understanding the current commercial vehicle market is pertinent for so many businesses. For sales projections and budgeting and many more reasons, understanding the current state of the industry is why ACT Research developed it’s State of the Industry series, particularly the N.A. Classes 5-8 report.
The foundation of this report is the monthly data provided to ACT Research by the OEMs. This direct access to the manufacturers is critical to the report’s success and insights into the current market. ACT releases both preliminary and finalized numbers based on the OEMs data, as well as a complete report on the state of the industry.
Coverage of the bus and RV markets are included in this report and can be seen as critical for full market understanding. Not all production is trucks; thus, this coverage allows for a better, more clearly defined scope of the market.
One of the most important aspects of this report is the accompanying database. Historical data is available in Excel documents dating from 1996 to the present. With the monthly data provided by the OEMs, this report offers a rich data history that aids in model building and market intelligence for various companies.
Manufacturers use this information and analysis for short-term planning and forecasting, market understanding and awareness, and informing management of the current health of the industry. Investors use this product to create models, assess risk, and support their research. In addition to the market overview, this report provides commercial vehicle lenders and lease/rental companies the analysis to make operational decisions impacting portfolio and fleet size.