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Commercial Vehicle Rapid Response Report | COVID-19 Special Edition

17 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.

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  • Registrations of new light and medium commercials are currently falling less than heavier vehicles
  • In the year to date through week 15, US registrations of Class 1-3 trucks -- vans, pickups (non-luxury), cab-chassis and straight trucks - have fallen just 3% year-over-year (YoY) compared to the same period of 2019
  • Week over week (WoW), new registrations in the same three weight classes posted a decline of just 14% in week 15 compared to week 14
  • Commercial vehicles in Class 4-5, for their part, showed upward movement both WoW and YoY through week 15, with a 26% WoW gain last week and a 9% rise in new registrations in the year to date (YTD)
  • Meanwhile, registrations of Class 6-8 new commercial trucks fell 37% WoW through week 15 and 34% YoY in the YTD

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