Heavy duty truck sales have set a blistering pace thus far in 2012, with all weight classes posting double-digit YTD gains over 1Q 2011.
Relative to 2011, sales of heavy duty trucks (weight classes 5 through 8 ) were up 48.4 percent in Q1 2012. A total of 10,147 units were sold through March compared to 6,836 units during the same period last year. Sales improvements were seen in all weight classes and among most brands, but the biggest improvements were seen in the Class 8 arena.
The overall U.S. market for heavy duty trucks improved by 33.3 percent relative to 1Q 2011, with 81,473 units sold this year versus 61,113 units in 2011.
Some industry observers believe the present sales surge may be short-lived. Long lead times of several months are common in a sector that builds most products to order, and some in the OEM and dealer communities are beginning to report above-average rates of order reduction and/or cancellation during the purchase delivery period.
For more information on heavy duty truck sales or commentary on issues affecting the light and heavy duty vehicle sectors, contact Albena Saltcheva at email@example.com or 905-881-0400 x. 18.
DesRosiers Automotive Consultants Inc.
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