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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
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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%).
