TORONTO, Ont. – Happy days are definitely here again for Canadian Class 8 truck sales. With sales topping 2,000 trucks sold again in February, the Canadian Class 8 market has now enjoyed a full year of sales above that solid total. That’s reminiscent of but not quite as strong as the industry’s growth years of 2004 to 2007.
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Canadian Class 8 truck sales YTD are up 14.4% over the previous year, increasing 23% over last year’s totals for the month, data from the Canadian Vehicle Manufacturers’ Association indicates. Overall, this is the sixth best YTD performance since 1999. Sales in Ontario are particularly brisk to start the year with a 43% increase over the previous year. Truck sales in Western Canada, however, are down 10% from the previous year, despite gains in BC and Manitoba. Plunging energy pricing has definitely had an impact on the truck purchasing plans of Alberta and Saskatchewan motor carriers.
The 2,022 Class 8 trucks sold into the Canadian truck market in February made for the sixth best February since 1999 and were almost 400 above the five-year average. Volvo is the fastest growing truck brand in Canada, and has been particularly fast out of the starting gate for 2015 with a considerable increase in sales over the previous year. Freightliner and International also enjoyed impressive performances for the month.
For monthly sales trends, go to https://www.trucknews.com/class-8-truck-sales-trends/
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. All posts by Lou Smyrlis