As we saw last week, commercial truck sales are on the rise. Specifically, WardsAuto.com reported medium-duty trucks rose 3% in May, reversing a 10% decline in April. And according to a recent article in Transport Topics, sales of medium-duty trucks are currently tracking well ahead of 2014 levels. So what accounts for this, and will we continue to see sales rise? Read on to find out.
Medium-duty vehicles can be used to meet a large variety of needs for a large variety of types of companies – everything from landscaping, to deliveries, to moving.
The Facts about Medium-Duty Truck Sales
Although growth in the medium-duty truck sector has been more gradual than in the Class 8 market discussed last week, ACT’s Steve Tam asserts that this reflects the broader variety of operators that purchase those trucks. He says that medium-duty vehicles participate directly in every facet of the economy and that the highs and lows of those disparate sectors tend to average out. He estimates that medium-duty production will continue to grow modestly through 2020, continuing to increase roughly 3.5% per year. (more…)
