Class 8 Natural Gas Truck Retail Sales Contracted 25% YTD through February 2021

ACT Research reports last year ended with 6% fewer US Class 8 natural gas-powered units sold than in 2019

For the first two months of 2021, US and Canadian Class 8 natural gas truck retail sales dropped 25% year-to-date over the same time period in 2020, as published in the quarterly report (AFQ: Alternative Fuels Quarterly) recently released by ACT Research.

“Sales of natural gas-powered vehicles as reported by the six major truck OEMs, who account for approximately 60% of the heavy-duty natural gas market, were mixed in the December 2020 to February 2021 time period, with December experiencing a small sequential decline, but an impressive year-over-year gain,” said Steve Tam, Vice President at ACT Research. He continued, “The new year got off to a slow start, falling month-over-month and year-over-year, but February shown brighter, improving from January and last February, up 1% and 5%, respectively.”

Tam added, “Last year ended with 6% fewer US Class 8 natural gas-powered units sold than in 2019, while through the first two months of 2021, reporting OEMs have sold 468 natural gas-powered Class 8 units, down 25% against a very strong comparison.”

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