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.
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.
Technology is on the rise, making these medium-duty trucks more appealing to consumers. 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. One of Freightliner Trucks’ most popular medium-duty vehicles, the M2 106, recently got a makeover, adding to its popularity and usefulness among businesses. And most medium-duty trucks nowadays can last upwards of 500,000 miles and easily carry loads of up to 20,000 pounds! It’s no wonder that these trucks are appealing to so many customers and that commercial truck sales are continuing to steadily rise.
If you’re in the trucking business or are looking to discover more about commercial truck sales call on Baltimore Freightliner-Western Star. You can call toll-free at 800-832-7278 or locally at 410-685-4474 or email us your questions and concerns at firstname.lastname@example.org.
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