We reported on 2017 being a bumper year for truck sales in Australia, now comes news that our friends in North America are also experiencing a strong increase in demand for new trucks.
In December, demand for Class 8 trucks (prime movers as we call them) boomed with sales increasing a full 77% compared to the same month in 2016.
Reuters has reported on data released by FTR, a company that tracks the truck sales industry.
And the report says things are looking great for the industry in Canada, the U.S. and Mexico for 2018 with forward orders well ahead of the same period last year.
“Our forecast continues to call for an increase in production for 2018,” FTR Chief Operating Officer Jonathan Starks said in a statement.
FTR said orders in December were spread unevenly among truck manufacturers, but said no single company “is showing any significant weakness in order activity.”
The main truck makers in the U.S. market are Daimler AG, Navistar, PACCAR and Volvo AB.
What’s driving the growth? The improving U.S. economy and a significant lift in infrastructure development.
We will keep you updated with all the monthly Australian truck sales figures as they come to hand through 2018.