NTEA is a recognized leader in providing relevant and valuable industry statistics and interpretation of market data and trends affecting the work truck industry. The Association’s comprehensive compilation and interpretation of data and forecasts is updated monthly, offering an in-depth look into the commercial vehicle market.
Members have exclusive access to a regularly updated Market Data Dashboard containing information and analysis for key industry influencers, including:
- Housing starts
- Interest rates
- Gross domestic product quarterly change
- Unemployment rate
- Consumer price index
- Fuel prices
- Commercial vehicle sales and shipments
Data snapshot
There was an overbuild throughout the majority of 2024. Closing out the year, shipments declined significantly to correct the inventory problem that was building. Sales have seen relatively slow growth through the year, with 2025 starting from a low. Sales for the year are expected to recover as the industry returns to a normal cycle, with volumes expected to be slightly up in 2025 compared to the previous year.
NTEA members can view additional information and insights in the Market Data Dashboard, which is updated monthly (login required). Not sure if you’re a member? Check your status, join today, or contact us for assistance (info@ntea.com or 248-489-7090).