Sales of medium-duty trucks in July fell by almost 20% compared to the previous year, as the combined set of the two lightest segments recorded a small profit, WardsAuto. com.
Sales in categories 4 to 7 were 17,911, 19. 8% less than the previous year’s 22,323, according to WardsAuto. Since the beginning of the year, sales have fallen 17. 7% to 117,192.
“Our customers, many of whom are small business owners, are unsure of the economy and are delaying their purchases accordingly. That said, the order cancellations for new Class 4 to 7 trucks are not as much as we expected. ” WM “Rusty” Rush, president and CEO of Rush Enterprises Inc. , said an effect call in July.
Sales of truck dealerships in categories four to 7 fell by 40% year after year at the time of the quarter, he said.
The biggest drop in industry overall in July in elegance 6. It fell 43. 1% to 3,914, from 6,878 to 2019.
Class 6 is used in the rental and rental markets.
“The way decisions are made there is very seasonal. I think there are a lot of gadgets on the market, as I’m sure you know, that have to make their way into the market,” said David Graziosi, CEO of Allison Transmission Holdings. Inc. on the company’s most recent earnings call. “So a lot of activity around rentals is turning into leases, etc. So we see this concept and the dynamics continue to develop in North America. “
This reduces the desire to purchase new trucks.
Class 7 fell 28% to 4,451 from 6,186 a year earlier.
Freightliner, a Daimler Trucks North America logo, and International, a Navistar Inc. logo, combined controlled 71. 5% of the Class 7 market with sales of 1,659 and 1,525 respectively.
Classes 4-5 posted a 3. 1% gain, going from 9546 to 9259 for the 2019 era.
In Class 4, Isuzu Commercial Truck America Inc. leads with sales of 1,056 for a 41. 1% share in this segment. The company is celebrating 35 years of truck sales in America this year.
In Class 5, Ford Motor Co. sold 4,083 trucks for a market share of 58. 4% in this segment.
“The delivery times of bodybuilders, I would say, continue to extend as we perceived,” Graziosi said. “There are several reasons for this, however, it’s based on getting the parts and, in the end, getting those cars on time. “
Meanwhile, Cummins Inc. President and CEO Tom Linebarger said he expects the adoption of battery-powered electric powertrains in the bus and terminal tractor markets over the next several years, “with adoption in the segments of medium-weight trucks thereafter. “
Want more news? Listen to today’s summary:
Subscribe: Apple Podcasts Spotify (c) Amazon Alexa Google Assistant More