July Truck Sales Up 22.5%

This story appears in the Aug. 18 print edition of Transport Topics.

U.S. retail sales of heavy-duty trucks jumped 22.5% in July to 18,793 units from a year ago, marking the first back-to-back monthly percentage gains above 20% in more than two years, reported.

The total was second-highest this year, trailing June’s 19,373, which  was the third-highest since 2006 and a 21.6% year-over-year increase.

July marked the fourth-highest monthly sales total since that boom year, and the year-over-year increase was second-highest this year behind March’s 25.6% gain.

Year-to-date, sales are up 15.1% over the same period last year at 118,583 big rigs, the highest through July since 2006, according to Ward’s.

An analyst said sales are likely to remain strong.

Read more here.

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