Class 8 Natural Gas Truck Retail Sales Rose 20% YTD 2019 through November
JAN 30, 2020 - 6:35 am
U.S. and Canadian Class 8 Natural Gas truck retail sales for the first 11 months of 2019 gained 20% year-to-date over 2018, as published in the quarterly report (AFQ: Alternative Fuels Quarterly) just released by ACT Research. Full-year 2018 was down 15%, while 2017 was up 13%.
“Bucking the declining pattern of the past few years, year-to-date November 2019 sales appear to be gaining ground, with sales of natural-gas powered vehicles on an overall upward trajectory,” said Ken Vieth, senior partner and general manager at ACT Research. “That said and based on news released in the popular press, natural gas vehicle purchases were dominated by refuse fleets, as well as transit and school bus operators. Among truckers, the majority of incremental volume came from existing natural gas vehicle on-highway users replacing units or adding to their fleets.”
Vieth added, “Besides sales, the Alternative Fuels Quarterly analyzes the change in existing and planned alternative fuel/power infrastructure and equipment developments. We’re seeing an overall increase in electric charging stations, but a continuing decline of total natural gas stations. Further analysis shows that the number of planned private heavy-duty CNG stations is growing. Regarding electric commercial vehicles, right now we’re witnessing a tug-of-war between fuel-cell and battery technology investment in the Class 8 over-the-road market, and it’s way too early for us to call a winner.”
The ACT Alternative Fuels Quarterly (AFQ) provides insight, analysis, and trends about alternative fuel/power adoption for the US heavy and medium duty commercial vehicle markets. It is designed to give quick insights to anyone with an interest in the evolution of power and alternative fuel use for heavy vehicles. The AFQ details such adoption considerations as fuel prices, fuel/charging infrastructure development, equipment prices/products/technological developments, and regulatory changes. NG truck sales data and a forecast for new natural gas adoption are included.
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!
Deborah Baker faced a dilemma the summer before she began college. She was all set to work alongside her best friend at Ponderosa Steakhouse when her mother, who worked for AT&T Capital, arranged a summer contracting position for her. Baker... read more
Believing in the leadership motto, “Learn more, inspire more, do more,” Ricardo E. (Ricky) Rios, chief operating officer of Commercial Equipment Finance, also models his life after it. Following his passion for self-development, Rios has taken Commercial Equipment Finance to... read more