All Market & forecasts Articles
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Equipment sales suffer as central banks around the world are too slow in cutting interest rates.
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Rental companies accounted for 33% of sales last year
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Because inflation is expected to increase next year, manufacturers were told they should borrow now to invest in efficiencies.
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The decline is linked to the cyclical nature of the engine market
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Preliminary net orders for Class 8 doubled the prior month’s intake
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The news is largely positive, but headwinds exist.
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Advice on battery passports, a fuel cell electric refuse vehicle test and the shifting dump truck market.
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Dump trucks are proving to be a fluid sector, with several key changes in buying patterns and machine choices.
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Second quarter results for access OEM up 5.9% year-over-year with North America propelling sales
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Net orders for the month down 13% year over year
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Despite sales decline, pockets of strength continue to exist
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Global sales of electric machines remain very low
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Chinese equipment industry is in midst of another painful, prolonged trough but implications could be felt much further
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Class 8 overcapacity boosts inventory expectations for 2024, said ACT Research
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It already looks certain that 2024 will be a third consecutive year of falling ag tractor sales
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A Q&A on global construction sales with OHR’s managing director, Chris Sleight
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Bart Decker, partner with EY, said policymakers and industry can come together to address and overcome these trends.
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Demand in North America continues to be strong as JLG sees “continued demand drivers going forward”
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Developing dedicated electric platforms for compact machines
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Presentation at Off-Highway Conference/Power Progress Summit will cover used equipment