Heavy-Duty Truck Sales Up 19.4% in June
Published July 25, 2012
Transport Topics reported that Class 8 truck sales rose 19.4% in June over the year-ago level, extending a growth pattern that dealers and analysts said could be in jeopardy during the rest of 2012 because of growing economic uncertainty.
The sales increase to 17,484 units stretched the year-over-year growth to 30 consecutive months and was the highest June total since 2006, the article noted citing statistics from WardsAuto.com. However, the gain in June was the slowest growth pace this year, trailing the average of 37.7% for the first six months of 2012.
The article quoted Kenny Vieth, president of ACT Research, as saying, “Truck sales have remained re-markably consistent and strong, as well.” Vieth also noted in the article that the second half will be a different story as orders wane.
To read the full Transport Topics article click here.