Truck production numbers show a trend toward smaller displacement engines and more straight trucks in the truck market, according to ACT Research and Rhein Associates.
Despite an overall positive truck sales forecast for 2019, tariffs and trade wars could be stumbling blocks that trip up the economy and send freight and truck sales downward, said two longtime industry analysts.
October Class 8 orders were above 40,000 units for the eighth month in a row, but two different companies reporting the data put rather different spins on their analysis of the numbers.
Record-setting orders for new Class 8 trucks are apparently not creating a used-truck glut, if used-truck prices are any indication. However, the growth in prices is expected to slow.
Used truck prices stayed relatively flat in July but remained at favorable levels compared with the same month a year ago, according ACT Research.
As battery technology improves and other advantages become more apparent, Class 4-7 commercial electric vehicle sales could top 100,000 units by 2035.
Truck orders in the first quarter of 2018 hit the second highest mark in history and mark the best period for orders since 2006, according to ACT Research.
Orders of medium-duty vehicles surged in January and reached their highest level since the middle of 2006, according to ACT Research. Class 5 to 7 orders increased 39% during the month compared to January of 2017.
Class 8 truck orders soared in January to their highest level since 2006, according to early reports from transportation analysts at ACT Research and FTR.
Heavy- and medium-duty truck orders are expected to total 58,800 units in December, hitting a 3-month high to end the year, according to early numbers from ACT Research.
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