truck sales

NACV Show heralded as ‘big hit’

ATLANTA, GA -- The inaugural North American Commercial Vehicle Show (NACV Show) is being heralded as a success after drawing thousands of unique visitors during the four-day event in Atlanta, Georgia. Co-organized by Hannover Fairs USA and Newcom, the September 25-28 event hosted 439 exhibitors and featured 370,000 square feet of sold-out exhibition space at the Georgia World Congress Center. "The NACV Show's B2B concept was a real hit with our attendees who gave us high marks for launching such a global showcase," said Larry Turner, president and Chief Executive Officer of Hannover Fairs USA. "We are happy with the results," added Joe Glionna, president of Newcom, which also publishes Today's Trucking among other titles. "A lot of things worked ...

Canada truck market ‘particularly robust’: FTR

BLOOMINGTON, IN - Class 8 truck sales continued to recover in September, reaching 22,100 units overall. That's up 7% compared to the previous month, and 62% above a year ago. Those order volumes meet expectations, and Canadian orders were "particularly robust" as fleets benefit from a strong economy, say the analysts at FTR. North American Class 8 orders reached 239,000 units in the past 12 months. "The recovery in the Class 8 market is building, and we saw that with the orders through the summer. Order totals never got that low and followed cyclical trends," said Don Ake, vice president - commercial vehicles at FTR.

Class 8 truck sales continue surge

BLOOMINGTON, IN - North American Class 8 truck orders this August were 50% better than a year ago, and 14% above July totals, analysts at FTR report. "Orders were up for the third straight month, and it looks like May's 16,500 orders will be the low point for the year. Orders are expected to increase in September, leading into robust order activity in Q4," said Don Ake, FTR's vice president of commercial vehicles. The numbers are in keeping with expectations and should help to fill remaining 2017 build slots, FTR concludes. It's the best August order performance since 2014. In the past 12 months, North American Class 8 orders have reached 231,000 units.

Truck market has bottomed out: Volvo chief

DUBLIN, VA - Volvo Trucks has set an ambitious target for itself - to be nothing less than "Number 1" in the world. "It doesn't necessarily mean we want to be the biggest," said Volvo Trucks president Claes Nilsson, during the launch of the company's new VNL long-haul tractor. "We want our customers to make more money and be more successful." That said, Volvo is clearly on a growth curve. Globally it now has 2,000 dealers and shops - 420 of which are in North America - and sells models in more than 190 countries. "Our dealers truly believe in the future," adds Goran Nyberg, president of Volvo Trucks North America. About US$600 million has been invested in the manufacturer's North American dealer network since 2010, adding 65 new locations and increasing service bay activities by 51%.

Suppliers predict growing truck market

LOUISVILLE, KY - What a difference a few months can make. Earlier this year, Bendix Commercial Vehicle Systems was projecting Class 8 truck sales would drop about 5-10%. Now it's projecting the market will grow about 5%. "Overall, I think the economy has turned for us in the trucking industry," chairman Joe McAleese observed, citing growing truck orders and dropping cancellations. Truck tonnage and utilization are both seen as under control. It was a theme repeated during briefings during the Mid-America Trucking Show's media day.