NTEA’s newly introduced business planning tool, the Work Truck Industry Financial Benchmarking Survey, gathers financial and operating ratio information from truck equipment manufacturers and distributors to produce the industry’s most comprehensive benchmarking study.
This new research initiative is an enhanced benefit for NTEA members.
“The commercial vehicle industry is evolving at an ever-increasing rate,” said Steve Carey, NTEA’s executive director. “We’re pleased to offer a comprehensive tool that provides manufacturers and distributors within our industry the insights they need to run their businesses more effectively.”
Contributing companies will receive a complimentary, personalized performance analysis report, access to an online financial analysis and planning tool, and a copy of the printed aggregated Work Truck Industry Financial Benchmarking Report.
This year’s report is expanded to include manufacturer- and distributor-aggregated data and will provide industry companies with insights on how their organizations are performing against industry benchmarks.
Profit Planning Group again partnered with NTEA to conduct this research and to ensure all company data remains strictly confidential.
Visit ntea.com/benchmarksurvey for details.