FOR IMMEDIATE RELEASE
Media Contact: Summer Marrs Director of Communications & Public Relations 248-479-8913 summer@ntea.com
FARMINGTON HILLS, Mich. (August 2019) — NTEA’s newly released Annual Manufacturers’ Shipments Survey (AMSS) Report (20th edition) reports that truck equipment industry shipments increased 15.9% in 2018 — a significant acceleration from the 2.9% climb the previous year. This publication, featuring 2018 data, enables the industry to estimate market size by dollars and units for 77 product lines. The Association collects and evaluates aggregate results based on data submitted from 93 participating companies. The commercial vehicle community can lean on directional guidance from this report to help assess business performance.
“Beyond insights into annual growth, AMSS offers reliable market size data in terms of dollars and units,” said Steve Latin-Kasper, NTEA director of market data and research. “It’s a powerful tool that aligns with our mission of furthering industry knowledge, growth and profitability by helping companies in the work truck sector effectively evaluate market potential and develop sound strategic plans.”
This resource can help you
Following the pattern of previous studies, product line growth rates varied considerably. For 2018, data suggests some were down, while others made gains much more quickly than the industry overall. Annual percent change can be accurately calculated for each market segment as NTEA publishes AMSS data in unit and dollar terms and provides indexes. Industry companies are encouraged to use report findings to support annual business planning processes.
Companies that participated in the survey receive a complimentary print copy of the report. Find additional report detail at ntea.com/amss, and contact NTEA’s team with any questions (info@ntea.com or 800-441-6832).
About NTEA Established in 1964, NTEA – The Association for the Work Truck Industry represents more than 2,100 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 the Association. NTEA staff are knowledgeable and experienced in a wide variety of industry-related areas. The Association provides in-depth technical information, education, and member programs and services, and produces The Work Truck Show®. NTEA maintains administrative headquarters in suburban Detroit and government relations offices in Washington, DC, and Ottawa, Ontario.
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