Medium-Duty Truck Sales Decline, Push Shippers to Invest in Strategic Freight Partnerships

U.S. medium-duty truck sales decreased by 6.1% year-over-year in May, marking a reversal after six months of consecutive gains, with notable declines in Classes 4 and 6 despite increases in Classes 5 and 7. The fluctuating sales reflect ongoing adjustments in inventory levels and market expectations, with major brands like Freightliner and Ford leading in sales for Classes 7 and 5 respectively. The variability in truck sales underscores the challenges businesses face in maintaining optimal capacity, a pain point PRIMO addresses by offering extensive sourcing options through its robust network and advanced freight management capabilities.

U.S. Medium-Duty Truck Sales Dip

• Recent Trends: After six months of consecutive gains, U.S. retail sales for medium-duty trucks saw a 6.1% decrease in May compared to the previous year, with a total of 20,359 units sold¹.
• Class Performance: While Classes 5 and 7 experienced sales increases, Classes 4 and 6 faced declines. Notably, Class 7 sales went up by 3.8%, and Class 5 by 5.1%.
• Market Insights: ACT Research’s Vice President, Steve Tam, noted that the market is undergoing a period of adjustment, particularly in inventory management, but demand and retail sales are performing as expected.
• Leading Brands: Freightliner dominated Class 7 and 6 sales, Ford led in Class 5, and Isuzu topped Class.

Reference: ttnews.com