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Commercial Vehicle Rapid Response Report

09 April 2020 Andrej Divis

As the COVID-19 pandemic continues to unfold, IHS Markit offers uniquely actionable, rapid insights to drive your business. Insights powered by the most up-to-date information available provide critical intelligence to inform near-term planning and longer-term strategic decision making. Download our weekly Rapid Response Report to get real-time market feedback on specific market actions that will help you get a step ahead and help determine which actions to take next.

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US Market Rapid Reporting (Class 4-8)

  • With March 2020 having come to a close in calendar week 14, the scale of the initial COVID-19 related slide in registrations became apparent. Registrations of Class 4-8 trucks dropped 29% in the month versus February 2020.
  • The lower GVW classes exhibited more relative strength. Registrations of Class 6-7 trucks fell 39% month over month (MoM) in March while Class 4-5 dropped just 21% MoM, for example. Class 8 fell 30% MoM, meanwhile.
  • Individual states showed considerable variation, with Louisiana down 79% MoM for Class 4-8 and Nevada up 91% MoM.
  • The steepest drops as March ended in week 14 were in Minnesota (-91%) week over week (WoW) and Arkansas (-80%).

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Posted 09 April 2020 by Andrej Divis, Executive Director, Global Truck Research, IHS Markit



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