ACT: Class 8 Natural Gas Truck Sales Down 12% YTD


Back to
Today's News

U.S. and Canadian Class 8 natural gas truck retail sales for the first two months of 2019 were down 12% year-to-date, according to the latest Alternative Fuels Quarterly released by ACT Research.

Year-to-date sales at this point in 2018 were down 24%, following a 13% full-year increase in 2017.

“Bucking the early decline pattern of the past few years, cumulative sales for the first two months of 2019 appear to be gaining ground,” said Ken Vieth, senior partner and general manager at ACT Research. “Despite a soft January, sales of natural gas-powered vehicles picked up in February, both month-over-month, up 44%, and year-over-year, up 13%.

“Based on news released in the popular press, natural gas vehicle purchases continued to be dominated by refuse fleets, as well as transit and school bus operators. Among truckers, it appears as though the majority of incremental volume came from current natural gas vehicle users replacing units or increasing their number,” Vieth added. “That said, transportation power is no longer a one-size-fits-all proposition. All viable commercial vehicle power alternatives, from diesel and natural gas to electric of all kinds, must now be considered to accurately measure potential cost savings, while meeting future emissions, and ACT sees the development of EVs growing, even while NG adoptions continue and diesel-powered engines increase in efficiency.”

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
terry.mulreany@monitordaily.com
Susie Angelucci
Advertising: 484.459.3016
susie.angelucci@monitordaily.com

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