Market Forecasting/ New Statistics Vendor Mr. Mustico briefed the board on OPEI’s new forecasting vendor, The Farnsworth Group, hired to begin facilitating industry forecasting beginning in 2025. The firm has completed its first quarterly forecast cycle, releasing the new U.S. and Canadian shipment forecasts to all OPEI members in early March. This new firm is expected to refresh the forecast deliverables and provide innovation in the data and analytical tools going forward. OPEI has invited Farnsworth to address the membership at OPEI’s annual meeting in June. OPEI’s other data vendor, Vault, has currently published the aggregate monthly shipment data, collected from each member, through January. Chemical Regulations /PFAS Mr. Mustico summarized this increasingly challenging policy area largely driven by Federal, state, and international concern over the presence of PFAS in products. OPEI is now working with Wiley Rein, including their in-house managed Complex Products Manufacturers Coalition, to help effectively and efficiently advocate consistent positions before numerous governments, all with disparate approaches to PFAS regulation which includes the requirement to report known uses, and also restrictions on and bans of use. Right to Repair Mr. Mustico briefly updated the board on continuing industry efforts to oppose misinformed state legislation which undermines the dealer business model and industry-provided repair solutions while also creating real risks of product modification which hampers product performance and safety. The most effective approach to date, successful in Minnesota, New York, Oregon, and California is including the industry-recommended exemption of all forms of off-road equipment. Future Board Meeting Mr. Kiser announced that the next Board meeting will be in June on Thursday, June 26 th, at the Annual Meeting on June 24-26 th to be held in Park City, UT. The next Board meeting will be during the Equip Exposition in Louisville on October 21. Adjournment Mr. Thorne called for a motion to adjourn. Motion made by Mr. Ariens, and seconded by Mr. Olson, to adjourn the meeting. The Board unanimously voted to adjourn at 2:16 p.m.
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