ACT Research: Class 8 Natural Gas Truck Retail Sales Fall 9% Through November 2020



U.S. and Canadian Class 8 natural gas truck retail sales for the first 11 months of 2020 dropped 9% year to date compared with 2019, according to a quarterly report from ACT Research.

“Sales of natural gas-powered vehicles as reported by the six major truck OEMs, who account for approximately 60% of the heavy-duty natural gas market, were mixed in the September to November time period, with October experiencing both sequential and year-over-year gains, but the other two months faltering for both time period comparisons,” Steve Tam, vice president at ACT Research, said. “As a result, sales continue to whittle away at the year-to-date deficit.

“Through the first 11 months of 2020, reporting OEMs have sold nearly 2,900 natural gas-powered Class 8 units, down 9% year to date. For comparison, total U.S. Class 8 sales were down 33% for the same period.”

In addition to the quarterly report, ACT Research created an upgraded online total cost of ownership and operational calculator, which now includes the societal costs in metric tons of CO2 per year.


Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com