Happy holidays to you and yours from all of us at MacKay & Company!
Heavy Duty Aftermarket Dialogue
This year, HDAD is reimagined in line with its conference theme: Resiliently Transforming the Future. HDAD '23 features a faster-paced agenda packed with more content and speakers — and even a few surprises!
HDAD will feature a variety of speakers touching on the state of the heavy duty aftermarket industry and critical actions essential to staying one step ahead of potential market disruptors. We have a great line-up this year!
Registration is open at HDMA.org. The Early Bird Discount is ending soon, register ASAP to take advantage of this discounted rate. Additional savings are offered to those who register multiple individuals from the same company.
Register here.
DataMac® Mexico 2022
We have launched our DataMac® 2022 Mexico Truck & Bus Study, the ninth time MacKay & Company has profiled the Mexican market as a DataMac® aftermarket type study. We will be able to provide eight reference points in time to analyze this market, where there are shifts and changes meriting such an analysis. This information will be included, when pertinent, as a tool to identify trends or highlight significant changes in the aftermarket.
Our research partners in Mexico have been busy surveying fleets and the data collection process is nearly complete. Please reach out to John Blodgett at john.blodgett@mackayco.com to learn more details on the study.
TEA Headline
As highlighted in the latest 2022 Q3 TEA Report, TEA rebounded in the third quarter with gains noted in Truckable Consumption, Truckable Exports and Truckable Government. Here is what to look for in the coming months in each TEA component.
What To Look For...
Total TEA®
Growth prospects continue to erode, but there is little to suggest rapid deterioration. When, how and why the current headwinds abate will determine whether negative growth will occur.
Consumption
Inflation is the largest problem. As long as the unemployment rate is stable, income growth should be sufficient to maintain current spending levels.
Investment
Interest rates have already caused significant erosion in this sector and further weakness is likely. Inventories, heretofore a major positive, are likely to be less helpful.
Exports
Still working off backlogs. Future growth heavily dependent on Europe.
Imports
The refilling of the import supply chain will further remove the impetus for growth. The recent weakness should continue.
Government
Neither the Federal nor State and Local sectors appear poised to change from their current stances which have produced a slight drag on TEA for the past several quarters.
Want all the details on TEA? Please contact John Blodgett at john.blodgett@mackayco.com.
Headline
Hoping to see you at HDAW! We will be in Booth #801…..stop by to say hello and to pick up a model truck!
