US Retail Sales of Class 8 Trucks Drop in February
U.S. retail sales of Class 8 trucks in February fell 29.5% from a year earlier, as all truck makers posted double-digit declines, WardsAuto.com reported.
Sales hit 11,200, compared with 15,876 in the 2016 period. The last time sales rose year-over-year was in November 2015.
However, February improved on January’s total, which experts viewed as marking the bottom of the market.
Sales for the full year reached 22,144, down 30.4% from 31,826 year-over-year, according to Ward’s.
Mack Trucks, a unit of Volvo Group, had the smallest decline, 11.9% to 1,105 units, compared with February 2016. Kenworth Truck Co., a unit of Paccar Inc., had the sharpest decline, down 39.7% to 1,331 units.
Freightliner, a unit of Daimler Trucks North America, led the way with sales of 4,310, and a 38.5% market share.
