kscarbel2 Posted March 15, 2017 Share Posted March 15, 2017 Wards Auto / March 14, 2017 U.S. sales of medium and heavy trucks fell 15.6% in February, compared with like-2016, marking the industry’s 11th consecutive month of year-over-year losses. The decline in Class 8 sales was the largest in the sector, as all brands suffered double-digit losses in February, plunging 29.4% to 11,200 units compared to prior-year’s 15,875. Only two months in, Class 8 sales were behind 30.4%, down to 22,144 from year-ago’s 31,827. Medium truck deliveries totaled 16,768 for a decline of 2.8% as every segment, Class 4 through 7, posted mild losses for the month. Class 7 sales slipped slightly from like-2016, down 2.7%. Hino saw the largest growth in the segment of 78.7%, but on small volume. Ford also posted a large gain, up 31.3% on 168 deliveries. Volume-leader Freightliner dropped 7.1% to 2,131 units with 54.6% market share. Class 6 deliveries were down 4.0% on unit volume of 5,650 vs. 5,885 year-ago. Peterbilt posted the best performance, up 80.0%. Sister brand Kenworth fared the worst in the segment as deliveries plunged 27.3% on only 101 units. International and Hino also posted losses of 5.5% and 25.8%, respectively. Class 5 sales fell 1.8%, with a 1.2% gain in domestically built models canceling out the 31.7% drop in low-volume imports. FCA posted the only increase for Class 5, up 34.3%, while International suffered the biggest drop, down 89.4% to only 15 deliveries. Ford dropped a mild 1.0% on high volume, while Daimler (-40.3%), Hino (-30.0%) and Isuzu (-31.9%) posted large losses. With a 22.5% gain in domestics but a 37.0% drop in imports, Class 4 nearly levels out at 908 deliveries, a 2.5% decline from prior-year’s 1,005. Isuzu’s domestic line increased 12.1%, and raised its share to 44.3% from 38.5% a year earlier. Their import line, on the other hand, sunk 48.5% in sales and dropped to 19.8% from 37.5% market share. Hino doubled in sales on 50 deliveries in February. Through February, sales of medium and heavy trucks were running 16.7% behind year-ago with 53,694 deliveries. Class 8 ended the month with 32,636 units, for a 70 days’ supply, compared with year-ago’s 52,200 and 79 days’ supply. Medium-duty inventory fell to 57,009 units, compared with 57,791 in like-2016. Days’ supply for the segment grew to 82, from 80 year-ago. . Quote Link to comment Share on other sites More sharing options...
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