U.S. Heavy Truck Sales down 26% Year-over-year in August

The following graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the August 2020 seasonally adjusted annual sales rate (SAAR). Heavy truck sales really collapsed during the great recession, falling to a low of 180 thousand SAAR in May 2009.  Then heavy truck sales increased to a new all time high of 575 thousand SAAR in September 2019. However heavy truck sales started declining late last year due to lower oil prices. Note: "Heavy trucks - trucks more than 14,000 pounds gross vehicle weight." Click on graph for larger image. Heavy truck sales really......(read more)

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