Truck Sales Continue to Grow
Despite the drop in consumer confidence and less-than-glowing economic reports in September, sales of medium-duty trucks continued to grow at a steady pace.
Truck makers reported selling 240,356 new medium-duty (Classes 3-7) trucks through September, 24% more than over the same time last year, according to figures released Thursday from WardsAuto.com.
With two exceptions, the year-over-year growth rate has been holding relatively steady in the low- to mid-20% range throughout much of the year. The exceptions were in January, when truck makers reported selling 18% more units than in January 2010, and in February, when year-over-year sales jumped 32%.
Individually, Hino Trucks and Peterbilt Motors both recorded the biggest gains, selling 46% more trucks each through the first nine months this year than in the same period in 2010. Freightliner also had a healthy sales gain of 38% over this time compared with 2010.
Navistar Inc.’s International brand reported selling 24,994 Classes 6 and 7 trucks through September, giving it a 40% share of that market segment. Freightliner was next with 34% of sales in those classes, according to WardsAuto.com.
Chrysler’s Ram Trucks and Ford Motor Co. continue to outpace all manufacturers.
Ram is the leader with 31% of all sales in Classes 3-7, thanks to its dominance in Class 3 where it captured 50% of the sales through September. Ford Motor Co. is second with 30% of sales in Classes 3-7. Ford’s share of Class 3 sales, where it used to lead, is now at 31%, but it sells units in every medium-duty class while Ram reports sales only in Classes 3 and 5.
http://www.ttnews.com/
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