ACT: Class 8 Natural Gas Truck Retail Sales Contract 25% YTD Through February 2021
MAY 3, 2021 - 6:47 am
For the first two months of 2021, U.S. and Canadian Class 8 natural gas truck retail sales dropped 25% year-to-date compared with the same time period in 2020, 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 December 2020 to February 2021 time period, with December experiencing a small sequential decline but an impressive year-over-year gain,” Steve Tam, vice president at ACT Research, said. “The new year got off to a slow start, falling month-over-month and year-over-year, but February shown brighter, improving from January and last February, up 1% and 5%, respectively. Last year ended with 6% fewer U.S. Class 8 natural gas-powered units sold than in 2019, while through the first two months of 2021, reporting OEMs have sold 468 natural gas-powered Class 8 units, down 25% against a very strong comparison.”
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