Truck Sales Increasing, Reflecting Industry Growth

For the months of July and August it is normally expected that the sales of big rigs slow down. However, this year for the month of August, sales were 49% higher than they were in August of 2016. With 21,200 class 8 trucks being ordered in August it gives it a 13% increase over July. Demonstrating a consecutive three-month increase for truck sales. Normally the highest volume of orders is in October when companies trade out their old trucks or expand their fleets. This increase portrays how the growth of freight is also being reflected in the sale of trucks. Not only can it be seen in the rise of contracting prices but the manufacturers of trucks and equipment. For example, the truck maker Navistar International had a net income of $37 million in the third quarter compared to 2016 when they had a $34 million loss. Learn more about the rise in truck sales in The Wall Street Journal’s article. ​

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