Business & Investment

US heavy-duty truck sales hit record highs in May

Along Risk calculated in June 6, 2021 09:53:00

The following graph shows heavy truck sales since 1967 using BEA data. The dashed line is the seasonally adjusted annual sales (SAAR) for May 2021.

Heavy-duty truck sales fell to 180,000 SAAR in May 2009 and really collapsed during the Great Recession. Since then, heavy-duty truck sales have risen to a record high of 563,000 SAAR in September 2019.

However, heavy truck sales began to decline in late 2019 due to falling oil prices.

Note: “Heavy Trucks-Trucks with Gross Vehicle Weight Over 14,000 Pounds”

Click on the graph to see a larger image.

Heavy-duty truck sales actually declined at the start of the pandemic, dropping to 299,000 SAAR in May 2020.

Since then, sales have recovered to near record highs.

Heavy-duty truck sales in May were 553,000 SAAR, up from 473,000 SAAR in April and up 85% from 299,000 SAAR in May 2020.

US heavy-duty truck sales hit record highs in May

http://feedproxy.google.com/~r/CalculatedRisk/~3/TOOG6OATRcs/us-heavy-truck-sales-near-record-high.html US heavy-duty truck sales hit record highs in May

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