ACT: Class 8 Natural Gas Truck Retail Sales Fall 22% Through May

U.S. and Canadian Class 8 natural gas truck retail sales for the first five months of 2020 dropped 22% year to date compared with the same period in 2019, according to a quarterly report from ACT Research.

The ACT Alternative Fuels Quarterly (AFQ) provides insight, analysis and trends about alternative fuel/power adoption for the U.S. heavy and medium duty commercial vehicle markets. The AFQ details such adoption considerations as fuel prices, fuel/charging infrastructure development, equipment prices/products/technological developments, and regulatory changes. Natural gas truck sales data and a forecast for new natural gas adoption are included.

“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 almost uniformly weaker in the March to May time period,” Steve Tam, vice president at ACT Research, said. “While the year started strong, year-over-year losses since February have resulted in a year-to-date decline of 22%. Through the first five months of 2020, reporting OEMs have sold about 1,100 natural gas-powered Class 8 units. It is important to note for comparison that total U.S. Class 8 sales were down 38% for the same time period.”

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Susie Angelucci
Advertising: 484.459.3016

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.