Heavy Truck Gross sales Decreased in 14% YoY in October

Date:

Share post:

by Calculated Danger on 11/12/2024 12:03:00 PM

This graph reveals heavy truck gross sales since 1967 utilizing knowledge from the BEA. The dashed line is the October 2024 seasonally adjusted annual gross sales price (SAAR) of 477 thousand.

Heavy truck gross sales actually collapsed throughout the nice recession, falling to a low of 180 thousand SAAR in Might 2009.  Then heavy truck gross sales elevated to a brand new document excessive of 570 thousand SAAR in April 2019.

Click on on graph for bigger picture.

Observe: “Heavy trucks – trucks more than 14,000 pounds gross vehicle weight.”

Heavy truck gross sales declined sharply originally of the pandemic, falling to a low of 288 thousand SAAR in Might 2020.  

Heavy truck gross sales have been at 390 thousand SAAR in October, down from 476 thousand in September, and down 14.4% from 455 thousand SAAR in October 2023.  

Often, heavy truck gross sales decline sharply previous to a recession.  This is only one month, and gross sales might need been impacted by the hurricanes (and could possibly be revised up).

In the meantime, as I discussed earlier, mild automobile gross sales elevated in October.

Vehicle SalesThe second graph reveals mild automobile gross sales because the BEA began conserving knowledge in 1967.  Car gross sales have been at 16.04 million SAAR in October, up from 15.77 million in September, and up 4.5% from 15.34 million in October 2023.

Related articles

China’s photo voltaic stranglehold and Taiwan’s AI goals

Hello everybody, that is Lauly, sending greetings from wet and windy Taipei.It’s been two weeks because the US...

Weekly Preliminary Unemployment Claims Lower to 213,000

by Calculated Threat on 11/21/2024 08:30:00 AM The DOL reported: Within the week ending November 16, the advance determine for...

put Europe’s financial savings to work

Unlock the Editor’s Digest without costRoula Khalaf, Editor of the FT, selects her favorite tales on this weekly...

The worldwide inexperienced transition will survive Trump

Keep knowledgeable with free updatesMerely signal as much as the Renewable power myFT Digest -- delivered on to...