U.S. heavy-duty truck sales surge in October

Christopher Goodfellow - 26 November 2011

U.S. heavy-duty truck sales doubled in October 2011, compared with the same month the previous year, according to Wardsauto.com. The surge, which was led by Navistar posting a 174% increase, prompted the largest single-month volume since January 2007.

Class 8 truck sales shot up to 17,424, from 8,714 recorded in October 2010. The year-to-date total rose to 133,399, or 55% from 85,796 in January to October 2010. Paccar's volumes posted triple-digit sales gains. All seven brands reported increases for the month of October, as well as for the year so far.

The Class 8 total for the first 10 months of 2011 is larger than the full year results for 2009 and 2010 and only 74 units shy of the total for 2008.

The industry believes that the market is approaching normalcy again and that pent-up demand means many carriers can no longer afford not to buy, although there are also tax-related factors that can favourably impact final quarter performance.

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