With more than 25 years of experience reporting on transportation issues, Lou is one of the more recognizable personalities in the industry. An award-winning writer well known for his insightful writing and meticulous market analysis, he is a leading authority on industry trends and statistics.
2006: Another record year for truck sales or cause for concern?
Class 8 truck sales hit a record 35,984 units in 2005, easily surpassing the previous record of 30,984 set back in 1999. Can 2006 possibly be better? I've been asked that question a lot lately. To be honest I'm struggling with the answer. The January numbers certainly point in that direction with the year off to its fastest start on record. There were 2,441 Class 8 trucks sold in Canada this January, according to records from the Canadian Vehicle Manufacturers Association. In comparison, last year's record year started with 2,173 trucks sold. And the five-year average for the month is just 1,548. But is there enough momentum in the economy and the need for new iron among Canadian fleets and owner/operators to last the entire year?