COLUMBUS, Ind. — U.S. and Canadian Natural Gas Class 8 truck retail sales rose 13 percent in 2017, but shed 23 percent year-to-date through November 2018, according to a recent quarterly report “AFQ: Alternative Fuels Quarterly” released by ACT Research.
Year-to-date sales at this point in 2017 were up 9 percent. “On a nominal basis, natural gas retail sales are down about 700 units for the first 11 months of 2018 on a year-over-year basis,” said Ken Vieth, senior partner and GM. “Based on news released in the popular press, natural gas vehicle purchases continued to be dominated by refuse fleets, as well as transit and school bus operators.”
Vieth said with the narrowed fuel price spread between diesel and natural gas, it really isn’t surprising that sales of natural gas units softened.
That said, it is important to remember that the conversion of a fleet from diesel to natural gas doesn’t rest entirely on the savings of fuel,” he said. “Natural gas offers more consistent fuel pricing and is one way fleets can meet more stringent environmental requirements, particularly where renewable natural gas is available. Transportation power is no longer a one-size-fits-all proposition. All viable commercial vehicle power alternatives, from diesel and natural gas to electric of all kinds, must now be considered to accurately measure potential cost savings, while meeting future emissions.”
ACT Research is a publisher of commercial vehicle truck, trailer, and bus industry data, market analysis and forecasting services for the North American and China markets.
For more information on ACT or the Alternative Fuels Quarterly, please visit http://www.actresearch.net/altfuelquarterly/. 8
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