Sales of commercial trucks fell in the third quarter, down 1.5 percent from the same period last year, ATD announced Wednesday in its third quarter Truck Beat.
ATD says Class 8 sales remained sluggish, down 10 percent compared to this time last year. But medium-duty sales (Class 4-7) have been strong, up 6.7 percent year-to-date. For the rest of the year, ATD expects medium-duty sales to remain strong, driven by seasonal demand and the expanding presence of online retail.
ATD expects Class 8 sales to close out the year slightly below 2016 levels, but then sales should pick up beginning first-quarter 2018. On a related note, confirmation of an infrastructure spending bill remains to be seen.
For more from Truck Beat, please CLICK HERE.