November Medium-Duty Sales Slip 2.3% From 2023
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U.S. retail sales of medium-duty trucks declined sequentially and on a year-over-year basis in November, according to data from Wards Intelligence.
Classes 4-7 retail truck sales for the month declined 2.3% to 18,828 units from 19,277 a year ago. Sales also decreased 8.2% sequentially from 20,484 reported in October. The back half of the year has been a struggle on a year-over-year basis after a relatively strong start, even with last month marking the first increase since July.
On an annual basis, Class 7 far outpaced the other classes, with sales increasing 29.7% to 5,204 units from 4,012. Class 6 sales increased 4.9% to 5,946 units from 5,669. But Classes 4-5 fell 20% to 7,678 units from 9,596.
Tam
“It continues to be more of the same,” ACT Research Vice President Steve Tam said. “If you look at the customers for that Class 7 truck, they really got shut out of the marketplace last year. And so, this kind of represents, almost, just a reversion to the norm. We’re back to more normal, would be a better way to say it. So, we don’t get too excited about it.”
Freightliner, a brand of Daimler Truck North America, sold the most Class 7 trucks during the month at 2,184 and the most Class 6 trucks at 1,503. Ford’s 3,797 units sold paced Class 5. Isuzu sold the most Class 4 trucks at 740.
“The medium market is performing very much in line with how we have anticipated or how we foresaw things,” Tam said. “Not only in the November time frame, but also on a full-year basis.”
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