by Calculated Risk on 7/08/2019 10:51:00 AM
Monday, July 08, 2019
The following graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the June 2019 seasonally adjusted annual sales rate (SAAR).
Heavy truck sales really collapsed during the great recession, falling to a low of 180 thousand in May 2009, on a seasonally adjusted annual rate basis (SAAR). Then sales increased more than 2 1/2 times, and hit 479 thousand SAAR in June 2015.
Heavy truck sales declined again - mostly due to the weakness in the oil sector - and bottomed at 366 thousand SAAR in October 2016.
Click on graph for larger image.
Since 2016, heavy truck sales have increased to near the all time high (the high was 561 in April 2006).
Heavy truck sales were at 544 thousand SAAR in June, up from 537 thousand SAAR in May, and up from 485 thousand SAAR in June 2018.