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 Executive Officer.
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.