Used Class 8 truck same-dealer sales volumes continued to show volatility in August, yet remained on a positive trend, including a 19 percent increase over July.
For the second time this year and only the fourth time in 19 months the demand for Class 8 trucks rose faster than the supply, according to the most recent ACT For-Hire Trucking Index from ACT Research Co.
In 2015, diesel engines made up 98.5 percent of the North American Class 8 vehicle market, but the forecast expects this dominance to lessen by 2021, according to a report by Americas Commercial Transportation (ACT) Research and Rhein Associates.
U.S. and Canadian natural gas Class 8 truck retail sales improved modestly in February, after getting off to a slow start in 2016, according to a recent report from ACT Research.
Although orders were slower in December, 2015 was the trailer industry's best shipment year in history, just edging out the previous record set in 1999, according to the most recent State of the Industry: U.S. Trailers published by ACT Research Co.
The supply of Class 8 trucks continues to rise faster than demand for trucks, according to the most recent ACT For-Hire Trucking Index from ACT Research Co.
Preliminary figures for the month of October, show that 47,200 Classes 5-8 vehicle orders were booked, up 14% from September but down 30% compared to the robust net orders in October 2014.
NG powered Class 8 truck and bus sales continue, but at a slower pace compared to 2014, as well as when calculated as a percentage of the total market, according to a report from ACT Research. The "Natural Gas Quarterly" attributes the rapidly declining cost of diesel with making the return on investment for adoption of natural gas less lucrative.
For the month of August, 37,200 orders for vehicles in classes 5-8 were booked, down 8 percent from July and down 14 percent compared to August 2014. However, these numbers are preliminary. Actual numbers will be published in mid-September.
