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ACT Research said North American used truck sales volumes fell 35% in November.
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From what happened this year to what is projected to happen next year sales-wise, the heavy-duty truck market will be set up for a “modest rebound in 2021 followed by growth into 2023,” according to Act Research.
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Class 8 truck orders hit a high point for 2019 in October; however, in what is traditionally a great month for truck orders, that performance marked the weakest level since 2016, according to preliminary reports.
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This year's slowdown in truck sales, the rapid pace of technological change, and Kenworth's fuel-cell electric truck project were the highlights of Kenworth's remarks to reporters at the North American Commercial Vehicle Show.
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Class 8 truck sales hit an all-time high last month, but other important metrics seem to be indicating an imminent downturn.
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The battery-electric version of Volvo Trucks North America’s VNR Class 8 regional hauler— dubbed the EVNR-- is now slated “to go on sale at the end of 2020,” according to VTNA President Peter Voorhoeve.
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At the Technology Summit at the Volvo Customer Center in Dublin, Virginia, Volvo Trucks not only highlighted its latest technology; it also gave reporters a report on the state of the North American truck-building industry and the company's position within it.
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There looks to be a shift away from spec'ing 14L engines in new Class 8 trucks in favor of powerplants that range from over 10L to under 14L in displacement, according to ACT Research and Rhein Associates.
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Aiming to set itself apart from its competitors, Navistar International Corp. is embarking jointly with its dealer network on “a clear path” to be the “most customer-centric, innovative, and value-creating truck and bus solutions provider in the Americas.”
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Used Class 8 same dealers sales were down 10% in June and prices remained essentially flat, but this used truck dealers say that at current levels, sales and prices are still strong, according to ACT Research.
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