US heavy duty truck market sees huge drop-off in sales from 2018

9 Sep, 2019 | posted in: News | 0
US heavy duty truck market sees huge drop-off in sales from 2018

Sales of Class 8 heavy duty trucks are down in the United States from last year. May saw orders for Class 8 trucks drop by a whopping 71 percent from the same month in 2018, “the lowest volume for Class 8 orders since July 2016 and the weakest month of May since 2009,” according to FTR Transportation Intelligence.

An even bigger drop-off happened in July. A total of 9,800 Class 8 units were ordered that month, down 81 percent from July 2018 and the lowest volume since 2010.

With that said, industry experts are not overly concerned, given the fickle nature of the heavy duty truck market.

“It’s an interesting question because the timing of truck sales is one that ebbs and flows,” said Jeff Saas of truck parts supplier Hendrickson, according to the Dayton Daily News.

Saas pointed to the fact that heavy duty truck sales were virtually off the charts in 2018.

“We saw incredible truck orders and trailer orders coming in to the industry late last year,” he explained. “So the net orders in the first half of 2019 have been slower, but that was anticipated because the backlogs of both Class 8 trucks and trailers were at all-time highs.”

He continued: “Now, would we like to get record orders every month? Absolutely. But we also have been in this market, and in this industry for a long time, and we’ve seen the ups and downs.”

It’s only a matter of time, it seems, before it rises back up again.