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Truck and Trailer Sales Hit the Highest Since 2006 Due to ELD Mandates

Early reports by ACT Research and FTR indicates a sharp rise in the class 8 truck sales. All orders reached a record high after the year 2006. Trailer orders also hit an all-time high with a figure of 47000 units by the end of the year. This is the highest number recorded by FTR analysts.

Sales of Heavy Trucks: What Are the Figures?

In the December 2017, the sales figures surpassed an earlier high of 45,800 that was accomplished in October 2014. With 47000, these figures are 38% up in the year over year comparison.

On the other hand, the sales of heavy trucks have also moved higher by 116% from the figures reached during January 2017. By the end of 2018, transportation analysts are expecting the orders for heavy and medium duty trucks to reach over 3,00,000 units.

What Caused This Surge in Orders?

The ELD or Electronic Logging Device is an essential requirement for the trucking industry. The latest ELD mandates that came into effect last month has fueled this surge. The fleets are placing orders for thousands of dry van trailers that help them in dealing with the tightening regulations pertaining to trucking capacity.

The demands for freight hauling is increasing by the day. However, there is a shortage of equipment and operators which needs to be fulfilled. Hence, the trailer orders are expected to rise even further. Also, the strong economic growth has kept this market upbeat. The higher crude prices and manufacturing development are also leading to this surge.

Further, Q1 sales this year have shown a lot of promise and fleets are trying to keep up with the freight demands by placing more orders for the used trailers and trucks as well.    

We have a wide inventory of heavy and medium duty trucks and trailers for catering to these demands. Contact us for more details and place your order.

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