The American Truck Dealers (ATD) announced in its most recent Truck Beat report Class 8 truck sales are up nearly 10 percent through the first three quarters of 2022 compared to the same period last year.
According to ATD, August and September were the best two quarters of the year for truck sales to date. August was the strongest total month and September followed. The latter was 34.1 percent higher than September 2021.
The story was much different in the medium-duty sector, where sales were down by 7.5 percent in the third quarter compared to the same period last year. Medium-duty sales were positive year to date through June but are now down 0.7 percent year to date due to the third quarter lull.
Overall, ATD anticipates medium-duty sales will finish around 230,000 units this year with Class 8 sales around 258,000 units. This combined total will surpass 2021 actual sales.
This month's Truck Beat also touches on medium- and heavy-duty market share by OEM, the opening of 2023 order boards — which led to an all-time Class 8 order record in September and strong followup in October — and the impact more truck deliveries will have on the used truck space.
To read the entirety of October's report, please check out the ATD website.