Although sales will continue to be strong this year, new orders for Class 8 trucks have begun to slow due to cooling freight and economic growth.
Three fewer selling days in June resulted in an increased SAAR for the month, but there was a decrease in the total number of units compared to June 2018. June sales of 1.51 million units sold represents a decrease of 1.9%.
As part of ATD’s fly-In, dealers attended Capitol Hill meetings on June 19-20 in support of legislation (H.R. 2381/S. 1839) that would repeal the federal excise tax (FET) on heavy-duty trucks and trailers.
A national network of commercial truck dealers, trade association executives and trucking industry stakeholders are in Washington, D.C., this week to meet with members of Congress to urge them to cosponsor H.R. 2381 and S. 1839, bills that would repeal the FET and encourage the deployment of the newest trucks and trailers.
The FTC announced the second in a series of recent enforcement actions against a variety of small businesses under the CRFA. The announcement outlined two proposed FTC administrative complaints and orders against businesses who allegedly were using form contracts to impede honest customer reviews as well as proposed settlements.
NADA provides the resources that cover all aspects of dealership operations, including how to create a culture of coaching, which will be covered in the upcoming seminar, Leadership Master Class, in Tysons, Va., from Sept. 23-27.
The MTF coalition supports H.R. 2381, a House bill to repeal the FET and to identify viable funding options to replace the tax with a more consistent revenue stream for the Highway Trust Fund.
NADA Market Beat: Despite a Solid May Sales Performance, U.S. Light-Vehicle Sales Down 1.8% Year-to-Date
New light-vehicle sales in May surprised many in the industry. The SAAR of 17.31 million units for the month represents an increase of 0.7% compared to May 2018.