ACT Research: Class 8 Natural Gas Truck Retail Sales Down 18% YTD

According to ACT Research, U.S. and Canadian natural gas Class 8 truck retail sales rose 13% in 2017 but have fallen 18% year-to-date through May 2018. In addition, sales from January through May 2017 were down 14% from the first five months of the previous year.

“As we can see from the year-to-date data in 2017, it isn’t unexpected that sales at this point in the year are subpar. On a nominal basis, natural gas retail sales are down an almost neutral seven units for the first five months of 2018 on a year-over-year basis,” Ken Vieth, senior partner and GM at ACT Research, said. “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.”

On the other side of the alternative fuels fence, electric vehicle technology continues to make strides as it further penetrates the various commercial vehicle applications, with selected Class 8 vehicles on the docket. Initial EV orders are coming from delivery, transit and some school bus applications.

“All viable commercial vehicle power alternatives must now be considered to accurately measure potential cost savings for fleets and overall emissions as we look to the future,” Vieth said.

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!

  • Hidden
  • RAM Group Holdings does not share or sell your personal information. The information we ask you to furnish is limited to what is needed to process your order fully and completely. You may unsubscribe at any time. View our Privacy Policy.
  • Please Confirm permission for Monitor/Monitordaily to e-mail you.
  • Hidden

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.