Tag: Truck Market

August 31, 2023

Used trucks and trailers owned by bankrupt Yellow Corp. are set to come up for auction in unprecedented numbers, but the market can handle it, say observers. A liquidation of this size has not been seen for decades, Stacy Tracy, […]

August 15, 2023

U.S. retail sales for medium-duty trucks grew 10.9% in July compared with the year-ago period, according to data from Wards Intelligence. Total retail sales for Class 4 through Class 7 trucks increased to 19,618 units from 17,682 units, marking the […]

January 20, 2023

Class 8 truck production and sales increased in 2022 and won’t fall off a cliff in 2023, industry experts said, but the coming year still promises some uncertainty, of course. Key variables for the year ahead include whether unmet demand […]

August 30, 2022

Third-quarter data from the transportation group at BMO, the former Bank of Montreal, showed little deterioration in the financial performance of its thousands of clients. BMO’s transportation group is believed to have about 90% of its roughly CA$13.5 billion ($10.37 […]

December 1, 2021

The average retail price for a used Class 8 vehicle in October climbed a notch higher to set a record, overtaking the previous peak set in September, ACT Research reported. The average retail price in the month hit $72,204 compared […]

November 17, 2021

Dealing with the current low-supply, high-demand market and rising prices were the focal points highlighted during the Used Truck Association’s annual meeting. The gathering of the nation’s used truck dealers and partners, which ran Nov. 10-13, hosted sessions tackling best […]

December 13, 2018

WASHINGTON — The new president of Volvo Trucks North America predicted another banner year for the truck market in 2019 and voiced a desire to promote more respect for the truck driving profession. Peter Voorhoeve, who stepped into that role […]

October 21, 2016

Daimler AG lowered its 2016 revenue forecast, citing weaker demand for trucks in North America and sparking concern that the automaker’s profit is set to whither. Daimler predicted sales this year to be flat, backing off a previous forecast for […]