Wednesday, May 24, 2017

Class 8 truck sales up in March, but Y-T-D totals way down from 2016


Thursday, April 13, 2017
by THE TRUCKER STAFF

Peterbilt has increased its market share 3.8 percent for the first three months of 2017 as compared to the first three months of 2016. Pictured is the Peterbilt Model 579. (Courtesy: PETERBILT MOTORS CO.)
Peterbilt has increased its market share 3.8 percent for the first three months of 2017 as compared to the first three months of 2016. Pictured is the Peterbilt Model 579. (Courtesy: PETERBILT MOTORS CO.)

Sales of Class 8 trucks continued on a lackluster annual pace in March, even though March sales were up 32.1 percent over February.

It’s the year-to-date total that’s showing truck sales won’t come anywhere near the 192,663 sold in 2016.

March sales totaled 14,793, up 32.1 percent of February’s dismal 11,200, but sales in March 2017 were 28.3 percent lower than March 2016.

Year-to-date in 2017, Class 8 sales have totaled 36,937 compared with 51,859 for the same period in 2016, a decline of 28.8 percent.

While admittedly there are both peak and valley months for Class 8 sales during any given year, the three-month totals put the industry on pace to perhaps sell fewer than 150,000 units, which would be the lowest total since 2010 when the industry was still trying to pull out of the recession.

Every OEM posted a sales increase in March led by Western Star, whose sales of 447 units was 59.1 percent higher than February, and Kenworth, where sales of 2,112 in March were up 58.7 percent from February.

Volvo Trucks was up 56.5 percent with sales of 1,640 in March compared with 1,048 in February.

Freightliner is the market share leader year-to-date in 2017 with a 37.9 percent share compared with a 42.4 percent share for the first three months of 2016.

Peterbilt has the largest market share increase to date in 2017 with a 3.8 percent gain.

 

Peterbilt has increased its market share 3.8 percent for the first three months of 2017 as compared to the first three months of 2016. Pictured is the Peterbilt Model 579. (Courtesy: PETERBILT MOTORS CO.)

 

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