Medium-Duty Sales Dip in 'Noisy' Market

Date: March 14, 2019
Source: Transport Topics Magazine

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.

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