TORONTO, ON — Truck sales have been gathering steam in recent months, and the year to come looks even stronger.
Navistar recently reported that it returned to profitability in 2017,
with a spike in fourth quarter revenue that was largely driven by a 31%
increase in Class 6-8 truck and bus volumes in the U.S. and Canada. The
company also expects 2018’s Class 6-8 market to reach between 345,000
and 375,000 units in Canada and the U.S.
“We think 2018 is shaping up to be one of the strongest industry
years this decade, and we’re positioned to make it a breakout year
for Navistar,” said Troy A. Clarke, chairman, president and Chief
As of November, Freightliner dominated 30% of Canada’s Class 8 sales,
although Navistar’s International brand accounted for 39% of Class 7s.
Hino topped the market share of Class 6 trucks, with just under 47%,
while Ford held on to more than 51% of the Class 5 segment.
Source of article click here : Today's Trucking