Class 8 Sales Rise Again
May’s Volume 28.8% Higher Than in 2003
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.S. retail sales of Class 8 trucks in May rose 28.8% from a year earlier, making total 2004 heavy-duty sales 44.5% higher than the first five months of 2003.
It was the seventh straight month of double-digit increases in sales, providing additional evidence of the reawakening of the sector. All major truck and engine makers have added workers to meet the surging sales
“Although the truck sales are pretty high, they’re mostly for replacements,” rather than fleet expansion, said Robert Dunn, an industry analyst with Sidoti & Co.
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