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.”
Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!
The workplace of today is vastly different than it was even a couple years ago, but there are still many obstacles that impede employees, particularly women, from thriving in their jobs, ultimately disrupting success in other areas of life. Michelle... read more
The Convention that (Almost) Didn’t Happen The Equipment Leasing and Finance Association’s 61st Annual Convention was one that almost didn’t happen this year. Originally set to take place on Marco Island, FL, Hurricane Ian changed those plans and caused the... read more