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ACT Research: Class 8 Natural Gas Truck Retail Sales Up 10% M/M, 60% Y/Y, and 43% YTD in May

Posted by Jennifer McNealy on Jul 29, 2019, 10:00:00 AM

US and Canadian Class 8 Natural Gas truck retail sales for the first five months of 2019 gained 43% year-to-date, according to a recent quarterly report (AFQ: Alternative Fuels Quarterly) released by ACT Research. Year-to-date sales at this point in 2018 were down 18%, following a 13% full-year increase in 2017.

 

ACT Seminar_17“Bucking the early decline pattern of the past few years, cumulative sales for the first five months of 2019 appear to be gaining ground,” said Ken Vieth, Senior Partner and GM at ACT Research. He continued, “Despite soft reports in three of the first five months this year, sales of natural gas-powered vehicles are on an overall upward trajectory, gaining 10% month-over-month, 60% compared to May of 2018, and showing 43% improvement against the first five months of last year.”

 

Vehicle Power Investment Pie Chart 7-25-19Vieth added, “Based on news released in the popular press, natural gas vehicle purchases continued to be dominated by refuse fleets, as well as transit and school bus operators. Among truckers, it appears as though the majority of incremental volume came from current natural gas vehicle users replacing units or increasing their number.” He continued, “Additionally, in a sampling of news articles from 2019’s second quarter, notable sales and investments are going into natural gas, especially renewable natural gas (RNG).”

 

ACT Research is recognized as the leading publisher of commercial vehicle truck, trailer, and bus industry data, market analysis and forecasting services for the North American and China markets. ACT’s analytical services are used by all major North American truck and trailer manufacturers and their suppliers, as well as banking and investment companies. More information can be found at www.actresearch.net.

 

Click here for more information about ACT’s Alternative Fuels Quarterly.

 

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ACT’s 61st seminar is scheduled for August 12-14, 2019, and will feature a dealer panel, as well as discussions on near-term demand of North American commercial vehicle markets and the impacts of tomorrow’s technical challenges. A global forecasting workshop is also being planned in conjunction with this semi-annual event. Click here for seminar information.

Topics: transportation, Natural Gas, Alternative Fuels, Press Releases, Regulations, EV

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We're the leading publisher of commercial vehicle industry data, market analysis, and economic forecasting services for the North American market.

 

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