Sales of medium-duty vehicles in February dipped 3.6% from a year earlier amid a steeper decline in sales of the lightest trucks, WardsAuto.com reported.
Sales fell to 16,907 units compared with 17,543 in the 2018 period.
“This tends to be a noisy market. You have some interesting dynamics when you start looking at the big lease/rental companies and the difference in culminating a sale can cause that sort of consternation,” Steve Tam, vice president of ACT Research Co., told Transport Topics.
At the same time, year-to-date sales improved 3.8% to 35,061.
“The longer term comparison pans out very much with what we are expecting, about 2.5% growth for the year. As has been the case for nearly a decade, there is a very moderate, but also sustainable, growth trajectory in the medium-duty market,” reflecting the underlying macroeconomic factors, Tam said… To continue reading, CLICK HERE.