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Official Numbers Are In: July Class 8 Truck Sales Down From Month Prior

Earlier this week we reported that according to ACT Research preliminary data on July truck sales, Class 8 vehicles net orders were 16,000. A 45% year-over-year increase. Class 5-7 net orders were 16,600, a 21% increase. 

However, that data that was previously used was preliminary information, and we now have the official numbers.

U.S. Class 8 retail sales in July increased 2.5% from a year ago but were down from the prior month, Wards Intelligence reported.

According to Wards Intelligence, Class 8 truck sales reached 21,021 units in August 2023, up from 20,513 in July 2022, but volume was down 12.7% from the 24,085 sold the month prior in June.

Year-to-date, Class 8 truck sales are up 18.2% to 156,821 compared with 132,694 at this time in 2022. 

Four of the seven major truck makers experienced a year-over-year decline in truck sales despite the overall total being positive. Navistar, parent of International Trucks, helped drive the total with the biggest year-over-year percentage increase at 36.3%, to 3,039 units from 2,229 units. 

Western Star followed with its sales increasing 23.4% to 681 units from 552. Freightliner continued to hold the largest market share at 36.2% but experienced a 3.1% year-over-year decline in sales to 7,610 from 7,855.

Kenworth Truck Co.’s sales decreased 1.3% to 3,026 units from 3,067, while Peterbilt Motors Co. saw sales fall 2% to 3,325 from 3,392. 

Both are brands of Paccar Inc. Mack Trucks’ sales rose 5.5% to 1,366 from 1,295, but Volvo Trucks North America’s sales slipped 8.4% year-over-year to 1,944 from 2,123, according to Wards Intelligence. Mack and VTNA are brands of Volvo Group.

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