Truck Sales Up 2.8% in February

Class 8 new truck sales increased only 2.5 percent from January (17,353) to February (17,811), but digging a little deeper into the numbers reveals two very positive facts.

First, year-to-date sales in 2015 are 25.2 percent ahead of sales the first two months in 2014, or 35,184 this year compared with 28,095 last year.

It’s the best two-month performance since 2006 when in the first two months 39,628 new Class 8 trucks were sold and annual sales reached 284,008. Ironically, 2007 had January-February sales of 35,026, but later that year the bottom fell out of the economy and total sales slumped to 150,965.

Secondly, with experts saying the economy will grow in 2015, which would herald a late-year surge in trucks sales much like the last two years, the annual total could easily top the 220,301 mark of 2014.

The terms of month-to-month sales for individual OEMs, it was a mixed bag: Five were up, topped by Volvo’s 28 percent increase (1,727 in January, 2,211 in February). Also increasing were Mack, Kenworth, Peterbilt and Western Star.

Year-to-date, six of the seven — Freightliner, Mack, Kenworth, Peterbilt, Volvo and Western Star are ahead of 2014.

Freightliner leads in market share both in the February numbers and year-to-date. The OEM’s share of 41.9 percent for the first two months of 2015 tops its 38.4 market share after two months in 2014.

Information taken from thetrucker.com

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