FOR IMMEDIATE RELEASE
Senior Director of Communications & Public Relations
FARMINGTON HILLS, Mich. (June 14, 2022)
— NTEA – The Association for the Work Truck Industry announced a collaboration with Commercial Truck Trader and S&P Global Mobility (formerly the automotive team at IHS Markit) to provide commercial vehicle life cycle trends and intelligence to the work truck industry.
This cooperative initiative is expected to result in the North American Commercial Vehicle Market Report – Powered by Commercial Truck Trader, NTEA and S&P Global Mobility, a semi-annual industry report that delves into the details, data and trends around the life cycle of commercial vehicles — from chassis shipments to truck registration to later stages when used vehicles are resold.
“The commercial vehicle community has an unending appetite for this type of information,” said Kevin Koester, managing director of NTEA. “This collaboration will allow data points to be connected in new ways, providing for more thorough forecasting and trend analysis in all segments of the industry.”
“We are thrilled to be working with NTEA and S&P Global Mobility,” said Charles Bowles, director of OEM & strategic initiatives at Trader Interactive, parent company of Commercial Truck Trader. “We strive to be a trusted resource for organizations in the commercial vehicle space providing valuable information and tools to make marketing their business easier. The North American Commercial Vehicle Market Report will do just that.”
“We are excited to be asked to contribute to this industry report,” said Andrej Divis, executive director, commercial truck group at S&P Global Mobility. “We’re hopeful the report will provide more clarity as commercial market players face today’s new challenges.”
Report topics address:
- OEM chassis sales and shipments
- Commercial vehicle registrations
- Dealer sales and customer search trends
The first North American Commercial Vehicle Market Report will be released in fourth-quarter 2022 in conjunction with NTEA’s Executive Leadership Summit, held Oct. 18, 2022, at Hyatt Regency Baltimore Inner Harbor (Baltimore, Maryland). Representatives from NTEA, Commercial Truck Trader and S&P Global Mobility will lead a session on the trends within the commercial vehicle population. Sign up for further information on the report.
Established in 1964, NTEA – The Association for the Work Truck Industry, a 501(c)(6) organization, represents more than 2,000 companies that manufacture, distribute, install, sell and repair commercial trucks, truck bodies, truck equipment, trailers and accessories. Buyers of work trucks and the major commercial truck chassis manufacturers also belong to NTEA. The Association provides in-depth technical information, education, and member programs and services, and produces Work Truck Week®, Green Truck Summit, Commercial Vehicle Upfitting Summit, and Executive Leadership Summit. The Association maintains its administrative headquarters in suburban Detroit and government relations offices in Washington, DC, and Ottawa, Ontario, Canada.
ABOUT COMMERCIAL TRUCK TRADER
Commercial Truck Trader is the industry-leading marketplace for sellers of light, medium, and heavy duty trucks and trailers with more than 1 million monthly unique visitors. The service also provides a range of innovative tools to help manufacturers and dealers generate customer connections, drive sales, and maximize profits. Commercial Truck Trader is a division of Trader Interactive and belongs to the well-known “Trader” family of linked brands. For more information, visit TruckMediaKit.com.
ABOUT S&P GLOBAL MOBILITY
At S&P Global Mobility (formerly IHS Markit | Automotive), we provide invaluable insights derived from unmatched automotive data, enabling our customers to anticipate change and make decisions with conviction. Our expertise helps them to optimize their businesses, reach the right consumers, and shape the future of mobility. We open the door to automotive innovation, revealing the buying patterns of today and helping customers plan for the emerging technologies of tomorrow.
S&P Global Mobility is a division of S&P Global (NYSE: SPGI). S&P Global is the world’s foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help many of the world’s leading organizations navigate the economic landscape so they can plan for tomorrow, today. For more information, visit spglobal.com/mobility.