US and Canadian Class 8 natural gas truck retail sales were flat through August year-to-date. “Despite the uncertainty of environmental change on the horizon, and continuing low oil prices, the future of alternative fuels led by NG/RNG is positive. The challenges of alternative fuel availability and distribution will be overcome; time is the biggest unknown.” […]
Used class 8 same dealer truck sales volumes rose by two dozen units in September, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research. “Long term, the outlook is positive, with volumes up 19% year to date compared to same period last year,” said […]
Sumitomo Corporation of Americas (SCOA) has announced a recent investment in Hyliion, a Class 8 vehicle hybridizing company, alongside Axioma Ventures. The financing will be used to fund Hyliion’s production, product line expansion and for further investment in its technology platform. Hyliion hybridizes Class 8 vehicles by adding an intelligent electric drive axle, which, it […]
Used Class 8 truck sale volumes increased in August, following two consecutive months of declines, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research. “Channel analysis indicates that August was the second best sales month this year,” said Steve Tam, Vice President at ACT […]
According to the latest industry findings, Class 8 backlogs moved in the right direction at the start of 2017. “Stronger orders, coupled with modest build, allowed backlogs to rise 7,600 units from December to 99,600 units,” said Kenny Vieth, ACT Research President and Senior Analyst. Heavy duty net orders jumped to a thirteen-month high in […]
Class 8 net orders moved upward in November, following the weak, cancellation heavy numbers reported last month. November new orders totaled 21,108 units, with the net at 19,440 units. “In addition to rising 40% from October, November marked the first positive y/y net order report in 22 months,” said Jim Meil, ACT Research Principal and […]
