Wards Intelligence, via the NTEA, has released its report on US truck sales for the month of April 2022.
Wards Intelligence has been and remains a well-respected and trusted supplier of automotive and truck industry news, statistics, and analysis for over 80 years allowing fleet operators the insights to make the best decisions for their business.
The NTEA is the association for the work truck industry.
The data compiled shows that for April of 2022, retail sales of trucks, truck chassis, road tractors and buses decreased 17.2 percent when compared against the year-to-year numbers from April 2021.
Although that overall percentage includes Class 1 vehicles—lightweight pick-up trucks et al—if we examine the data compiled by Wards Intelligence for Class 2-7 vehicles, we’ll get a better indication of commercial vehicle sales.
Whiles sales are down, it would be prudent to keep in mind that there is a global parts supply issue—be it metals, computer chips or vehicle tires, supply has been unable to meet demand.
At the recently held—well, pick a truck trade show—if a service or utility truck was available to purchase, they would have purchased it. We’re all being affected by “nogotems”. You can’t purchase what isn’t available.
From the chart at the top of this article via WardsAuto, in March of 2021 there was a high of approximately 310,000 Class 2-7 vehicles sold.
Sales dropped throughout 2021 until a blip upwards in October before dropping again the next month. The low point for sale was in August and September of 2021, with sales at about 225,000 each.
Perhaps feeling in the giving moment, consumers perked up in time for season’s greetings in December with sales exceeding 255,000 units, before dropping to a low in January of 2022 of just slightly above 200,000 vehicles.
While things were only slightly better in February of 2022, there was an uptick in March of the year to about 245,000 units.
April of 2022 showed a decline in sales to about 240,000 units.
Note: The Wards Intelligence numbers include all trucks and truck chassis, buses, and RVs.
To join the NTEA, visit: https://www.ntea.com/.