ATD Insider | A service of the American Truck Dealers and the Public Affairs Group of the National Automobile Dealers Association
March 12, 2014
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Top Stories In This Issue
Economists Bullish On 2014 Truck Market

Economists presenting at the Heavy Duty Manufacturers Association's 2014 Heavy Duty Dialogue are optimistic about the North American truck market heading into 2014. “The stage is set for an uptick, question is how high will it go?,” said Andrej Divis, director, global truck research, IHS Automotive. There are some mixed dynamics heading into 2014. Divis added that the net order intake for U.S. Class 4-8 trucks is very positive heading into this year, and IHS Automotive is forecasting a 10 percent growth this year and 9 percent growth in 2015. That optimism spills into the overall economy, as Divis said IHS Automotive's outlook is for a 2.5 to 3 percent broad-based growth in Gross Domestic Product this year.
Source: Commercial Carrier Journal

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Used-Truck Prices Set Record as Newer Models Hit Market

Used heavy-duty truck values have hit record highs this year as lower-mileage models command high prices, industry analysts said. The average price for a used Class 8 sleeper with fewer than 1 million miles rose to $56,488 in January, the highest retail average on record, according to American Truck Dealers. That price was up 4.2% from $54,196 in December and a 15.9% jump from $48,718 in January 2013, ATD said. “The primary reason for the continued record pricing on average is the increased number of newer trucks available to the market,” ATD analyst Chris Visser told Transport Topics. In particular, the industry has seen a “steep increase” in the availability of 2011 models, a sign that fleets are turning over their equipment more quickly and returning to shorter replacement cycles, he said. High demand for low-mileage trucks is propping up average pricing across the board, Visser said. “Basically, anything with 600,000 miles or less, regardless of the emissions standard it meets, is going to bring strong money,” he said.
Source: Transport Topics

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Hino Appoints George Daniels Senior VP of Sales and Customer Support

Hino Trucks announced the appointment of George Daniels to the position of senior vice president sales and customer support. Daniels succeeds Bob McDowell who is no longer with the company. Daniels, a 40-year veteran of the commercial truck industry has most recently served as Hino Trucks' vice president service operations. Daniels joined Hino Trucks in 2003 to head up the company's parts and service operations after spending 15 years at Mitsubishi Fuso Truck of America, three years at Iveco Trucks of North America and 13 years at various dealer organizations.
Source: Heavy Duty Trucking

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Byrd: Industry Must Pull Together Like a Family

Trucking. It's complex, highly technological, and essential to the nation's economy. That was the theme of Phil Byrd, chairman of American Trucking Associations and president and CEO of Bulldog Hiway Express, speech Tuesday at ATA's Technology & Maintenance Council's 2014 Annual Meeting. Byrd said while some people may think trucking is as simple as getting a truck and some freight and taking it from one place to another, "transportation and logistics and trucking is anything but simple. It's a complicated and complex industry. I would submit to you that our businesses from a technological standpoint far exceeds those of the customers we serve."
Source: Heavy Duty Trucking

 

 

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ATD Market Update With Chris Visser
Impact of Current and Future EPA Regulations on Used-Truck Pricing

In the March edition of NADA Guidelines, ATD-NADA Commercial Truck Guide Senior Analyst, Chris Visser, examines the impact of current and future EPA regulations on used-truck pricing. “There's no question that the emissions mandates of the past decade have increased new-truck pricing and it looks like those mandates have also been largely responsible for the historic increases in used-truck pricing,” said Visser. For the full study – as well as NADA's regular analysis of the medium and heavy truck markets – download the March edition of Guidelines at www.nada.com/b2b.
Source: ATD-NADA Commercial Truck Guide

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Top Stories
Economists Bullish On 2014 Truck Market
Used-Truck Prices Set Record as Newer Models Hit Market
Hino Appoints George Daniels Senior VP of Sales and Customer Support
Byrd: Industry Must Pull Together Like a Family
ATD Market Update With Chris Visser
Impact of Current and Future EPA Regulations on Used-Truck Pricing

 

ATD-NADA University Workshops To Go

Workshops from the 2014 ATD-NADA Convention & Expo are now available for purchase. Click here for more information and pricing.


Video: Dealer Goes the Extra Mile to Attend ATD Convention (NADA-TV)

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