{"id":98948,"date":"2024-02-28T09:17:42","date_gmt":"2024-02-28T09:17:42","guid":{"rendered":"http:\/\/www.spglobal.com\/mobility\/en\/research-analysis\/us-commercial-vehicle-market-grew-14-percent-in-2023.html"},"modified":"2024-02-28T09:17:42","modified_gmt":"2024-02-28T09:17:42","slug":"us-commercial-vehicle-market-grew-14-percent-in-2023-according-to-sp-global-mobility","status":"publish","type":"post","link":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/2024\/02\/28\/us-commercial-vehicle-market-grew-14-percent-in-2023-according-to-sp-global-mobility\/","title":{"rendered":"US Commercial Vehicle Market Grew 14 percent in 2023, according to S&amp;P Global Mobility"},"content":{"rendered":"<h3 >US Commercial Vehicle Market Grew 14 percent in 2023, according<br \/>\nto S&amp;amp;P Global Mobility<\/h3>\n<p >Fueled by the resurgence of the rental and leasing industry,<br \/>\ncommercial vehicle registrations (GVW 1-8) rose 14% in 2023<br \/>\ncompared to 2022, with more than 1.6 million commercial vehicles<br \/>\nregistered in 2023, according to the latest analysis of new<br \/>\ncommercial vehicle registration data from S&amp;amp;P Global Mobility.<br \/>\nUS commercial registrations are also approaching pre-pandemic<br \/>\nlevels, as 2023 was just 196,000 units shy of 2019<br \/>\nregistrations.<\/p>\n<p ><strong>US fleet industry trends in 2023<\/strong><\/p>\n<p >The lease\/rental industry was the fastest-growing vocation in<br \/>\n2023. Some of the largest fleets experienced 40-60% decreases in<br \/>\nnew registrations during the pandemic and have since recovered to<br \/>\nregistration levels not seen since 2019. Class 2 saw a 21% increase<br \/>\nin registrations due to continued growth in construction and<br \/>\nlast-mile delivery vehicles, with increases in pickup and cargo van<br \/>\nregistrations.<\/p>\n<p >Class 1 provided the only decrease in 2023, which is attributed<br \/>\nto almost all cargo vans now being registered as class 2<br \/>\nvehicles.<\/p>\n<p ><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.ihsmarkit.com\/www\/images\/0224\/commercial-ye-results-1-vs2.png\" alt=\"\" width=\"750\" height=\"426\" \/><\/p>\n<p ><strong>Alternative Fuel Vehicles Starting to Take<br \/>\nHold<\/strong><\/p>\n<p >Alternative fuel vehicles, electric and hybrid powertrains are<br \/>\npopular options for light-duty commercial vehicles while compressed<br \/>\nnatural gas (CNG) and electric are becoming popular alternative<br \/>\noptions for heavy-duty commercial vehicles. Electric cargo vans<br \/>\ncontinue to trend in last-mile delivery applications, especially<br \/>\nwith fleets such as Amazon, Walmart, Penske, and FedEx. There were<br \/>\nmore than 14,000 EV cargo vans registered in 2023, according to the<br \/>\nanalysis, led by substantial growth from Rivian. In addition,<br \/>\nhybrid pickup trucks are becoming a popular alternative to EV<br \/>\npickups in fleet applications due to price and availability. The<br \/>\nFord Maverick continues to show substantial growth for fleets,<br \/>\nespecially in the construction industry. In addition, electric<br \/>\npickup launches expected from Chevrolet and Ram should contribute<br \/>\nto the EV and electrified vehicle sales boom.<\/p>\n<p >Compressed natural gas (CNG) and electric fuels in heavy-duty<br \/>\nvehicles (GVW 6-8) accounted for 6,800 registrations in 2023. CNG<br \/>\nis becoming a popular option for the sanitation and refuse<br \/>\nindustry, with options from Peterbilt, Autocar, and Mack. General<br \/>\nfreight short-haul tractor trucks have been the primary adopters of<br \/>\nEV for heavy-duty with launches from Freightliner, Volvo, BYD,<br \/>\nOrange EV, and Nikola leading the way.<\/p>\n<p ><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.ihsmarkit.com\/www\/images\/0224\/commercial-ye-results-second-image-vs2.png\" alt=\"\" width=\"800\" height=\"444\" \/><\/p>\n<p ><strong>Commercial Vehicle Forecasts Nearly Flat for<br \/>\n2024<\/strong><\/p>\n<p >For 2024, S&amp;amp;P Global Mobility forecasts sales of class 4-8<br \/>\ncommercial vehicles to grow just slightly, with expected gains of<br \/>\njust 0.3% year-over-year (y\/y). However, S&amp;amp;P Global Mobility<br \/>\nexpects a single-digit percentage climb in Class 4-7 medium-duty<br \/>\ntrucks and vans, which will offset an expected y\/y slide in demand<br \/>\nfor new Class 8 trucks. Class 8 truck tractors alone are expected<br \/>\nto be down by 5-10% y\/y, even as straight trucks&#39; demand is<br \/>\nanticipated to remain strong with some growth.<\/p>\n<p >Even as the overall market pauses growth, new registrations of<br \/>\nzero-emissions and alternative fuel vehicles are expected to<br \/>\naccelerate markedly. Demand for natural-gas trucks and buses in<br \/>\nClass 4-8 is projected to repeat 2023 volumes, after a jump<br \/>\ncompared to 2022. Additionally, US demand for electric trucks and<br \/>\nbuses is forecast to more than double in 2024, as OEMs position to<br \/>\nmeet CARB state requirements and early adopter fleets continue to<br \/>\nonboard the new technology. New registrations of hydrogen-powered<br \/>\ntrucks and buses are to rise even faster, albeit from a much lower<br \/>\n2023 base in unit terms.<\/p>\n<p ><a class=\"primary-button\" href=\"https:\/\/www.spglobal.com\/mobility\/en\/products\/commercial-vehicle-insight-intelligence.html\"  rel=\"noopener\">LEARN MORE ABOUT COMMERCIAL VEHICLE<br \/>\nINSIGHTS AND INTELLIGENCE<\/a><\/p>\n<p ><a class=\"primary-button\" href=\"https:\/\/www.spglobal.com\/mobility\/en\/research-analysis\/fuel-for-thought-the-commercial-vehicle-fleet-accelerates.html\"  rel=\"noopener\">THE COMMERCIAL VEHICLE FLEET<br \/>\nACCELERATES TOWARD ZEV ADOPTION<\/a><\/p>\n<p ><a class=\"primary-button\" href=\"https:\/\/www.spglobal.com\/mobility\/en\/research-analysis\/commercial-vehicle-forecast-mdhd-truck-market-coasts.html\"  rel=\"noopener\">COMMERCIAL VEHICLE FORECAST: MDHD<br \/>\nTRUCK MARKET COASTS THROUGH 2024<\/a><\/p>\n<p ><a class=\"primary-button\" href=\"https:\/\/www.spglobal.com\/mobility\/en\/products\/automotive-truck-commercial-vehicle-forecasts.html\"  rel=\"noopener\">LEARN MORE ABOUT MEDIUM &amp;amp; HEAVY<br \/>\nCOMMERCIAL VEHICLE INDUSTRY FORECAST<\/a><\/p>\n\n<h2><b>Commercials Cooperation Advertisements:<\/b><\/h2>\r\n<p><br>(1) IT Teacher IT Freelance<br> <\/p>\r\n<a href=https:\/\/itteacheritfreelance.hk\/wordpress><img src=http:\/\/gamefootballmobileanimeiphone.com\/wp-content\/uploads\/2023\/09\/ITTeacherITFreelance-Website.png alt=IT\u96fb\u8166\u88dc\u7fd2 java\u88dc\u7fd2 \u70ba\u5927\u5bb6\u914d\u5c0d\u96fb\u8166\u88dc\u7fd2,IT freelance, \u79c1\u4eba\u8001\u5e2b, PHP\u88dc\u7fd2,CSS\u88dc\u7fd2,XML,Java\u88dc\u7fd2,MySQL\u88dc\u7fd2,graphic design\u88dc\u7fd2,\u4e2d\u5c0f\u5b78ICT\u88dc\u7fd2,\u4e00\u5c0d\u4e00\u79c1\u4eba\u88dc\u7fd2\u548cFreelance\u81ea\u7531\u5de5\u4f5c\u914d\u5c0d\u3002\/><\/a><p><a 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MobilityFueled by the resurgence of the rental and leasing industry,<br \/>\ncommercial vehicle registrations (GVW 1-8) rose 14% in 2023<br \/>\ncompared to 2022, with more than 1.6 &#8230;<\/p>\n","protected":false},"author":479,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-container-style":"default","site-container-layout":"default","site-sidebar-layout":"default","disable-article-header":"default","disable-site-header":"default","disable-site-footer":"default","disable-content-area-spacing":"default","footnotes":""},"categories":[3267],"tags":[61,122,127,129,124,128,125,132,131,133,126,130,123,66,94,88,97,56,64,65,60,3344,3351,3357,3360,3335,3340,3362,112,3353,40,75,95,3350,3352,3356,3343,3359,3339,3345,3334,3341,104,3354,33,120,3358,3349,3337,3348,105,101,98,115,30,29,41,86,3342,3361,70,69,68,72,71,26,118,108,87,3355,46,55,48,52,54,51,50,83,3338,62,58,57,3336,109,35,3346,59,63,85,79,82,96,80,27,81,114,44,42,43,45,38,39,110,117,100,111,116,3300,73,89,90,92,91,93,84,78,37,102,34,36,77,67,74,99,113,3347,119,28,121,32,47,49,53,103,31,76],"class_list":["post-98948","post","type-post","status-publish","format-standard","hentry","category-car-or-automobile","tag-airpods","tag-anime","tag-anime-characters","tag-anime-cosplay","tag-anime-edits","tag-anime-merchandise","tag-anime-movies","tag-anime-news","tag-anime-recommendations","tag-anime-reviews","tag-anime-series","tag-anime-streaming","tag-animes","tag-app-store","tag-app-store-samsung","tag-appgallery","tag-appgallery-oneplus","tag-apple","tag-apple-music","tag-apple-tv","tag-apple-watch","tag-auto-financing-guide","tag-automobile-industry-news","tag-automobile-laws-and-regulations","tag-automobile-shows-and-expos","tag-automobile-specifications","tag-automobile-technology","tag-autonomous-vehicles","tag-bbc-sport","tag-best-cars-for-long-drives","tag-best-mobile-games","tag-bixby","tag-bixby-xiaomi","tag-car-accessories","tag-car-comparison","tag-car-customization-ideas","tag-car-insurance-advice","tag-car-interior-design-ideas","tag-car-maintenance-tips","tag-car-resale-value","tag-car-reviews","tag-car-safety-features","tag-champions-league","tag-city-cars","tag-cyberpunk","tag-cyberpunk-2077","tag-driving-tips-and-tricks","tag-eco-friendly-cars","tag-electric-vehicles","tag-family-cars","tag-fantasy-football","tag-fifa","tag-football","tag-formula-1","tag-fortnite","tag-free-fire","tag-free-mobile-games","tag-freebuds-pro","tag-fuel-efficiency-tips","tag-future-of-automobiles","tag-galaxy-a52","tag-galaxy-note-20","tag-galaxy-s21","tag-galaxy-watch-4","tag-galaxy-z-fold-3","tag-game","tag-games","tag-golf","tag-harmonyos","tag-highway-cars","tag-how-to-backup-iphone","tag-how-to-factory-reset-iphone","tag-how-to-reset-iphone","tag-how-to-restore-iphone","tag-how-to-unlock-iphone","tag-how-to-unlock-iphone-5","tag-how-to-unlock-iphone-6","tag-huawei","tag-hybrid-cars","tag-ios","tag-ipad","tag-iphone","tag-latest-car-models","tag-live-soccer","tag-lol","tag-luxury-cars","tag-macbook","tag-macos","tag-mate-40-pro","tag-mi-11-lite","tag-mi-home-security-camera-basic-1080p","tag-mi-home-security-camera-basic-1080p-huawei","tag-mi-smart-band-6","tag-minecraft","tag-miui","tag-mlb-scores","tag-mobile-game-design","tag-mobile-game-development","tag-mobile-game-marketing","tag-mobile-game-monetization","tag-mobile-games","tag-mobile-gaming","tag-nba-scores","tag-nba-standings","tag-nfl","tag-nfl-scores","tag-nhl-scores","tag-off-road-vehicles","tag-one-ui","tag-oneplus","tag-oneplus-9-pro","tag-oneplus-buds-pro","tag-oneplus-nord-ce-5g","tag-oxygenos","tag-p40-pro-plus","tag-poco-x3-pro","tag-pokemon","tag-premier-league","tag-pubg","tag-pubg-mobile","tag-redmi-note-10-pro","tag-samsung","tag-samsung-pay","tag-soccer","tag-sports","tag-sports-cars","tag-steam","tag-steeam","tag-top-10-anime","tag-valorant","tag-when-do-the-iphone-7-come-out","tag-when-does-the-iphone-7-come-out","tag-when-is-the-iphone-7-coming-out","tag-world-cup","tag-xbox-series-x","tag-xiaomi"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/98948","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/users\/479"}],"replies":[{"embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/comments?post=98948"}],"version-history":[{"count":1,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/98948\/revisions"}],"predecessor-version":[{"id":98949,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/98948\/revisions\/98949"}],"wp:attachment":[{"href":"https: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