Demand for commercial vehicles continues to be strong, with industry-wide supply shortages limiting production and sales.
Commercial truck sales closed out 2020 with total sales just shy of 410,000 units, a decline of 22.3% from the 2019 total.
Look for commercial truck sales to continue improving the rest of the year and into 2021.
As with most industries, truck sales the rest of the year will be dependent on the ability to control the spread of COVID-19.
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.
Commercial vehicle sales continued to post gains in the first quarter of 2019 with sales up by 12.7%.