The Car and Truck Fleet and Leasing Management Magazine

NTEA's Economic Outlook Conference Forecasts Continued Growth in Truck Sales

October 4, 2005

FARMINGTON HILLS, MI — Leading U.S. economists at the Sept. 21, 2005, National Truck Equipment Association’s (NTEA) Economic Outlook Conference agreed that 2006 will be a year of continued growth for the commercial truck and transportation equipment industry. Some of the key findings and predictions by industry experts present at the conference include:

  • Healthy U.S. economic growth despite rising oil prices.
  • Continuation of the Federal Reserve to raise rates and that the spread between long-term and short-term rates will remain relatively stable.
  • An estimated 20 percent growth in truck equipment sales in 2005, and additional growth of five percent to 10 percent in 2006.
  • Predicted sales growth for Classes 1-8 in 2006, with some concerns regarding heavy-duty truck sales in 2007.
  • Twitter Facebook Google+

    Comments

    Please note that comments may be moderated. 
    Leave this field empty:
     
     

    Fleet Incentives

    Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

    FleetFAQ

    Fleet Tracking And Telematics

    Todd Ewing from Fleetmatics will answer your questions and challenges

    View All

     

    Fleet Management And Leasing

    Merchants Experts will answer your questions and challenges

    View All

     

    Sponsored by

    DriveCam is a company that provides an in-cab camera monitoring system and fleet tracking and management software.

    Read more

    Up Next

    More From The World's Largest Fleet Publisher