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U.S. Heavy Truck Sales Fall to 422,000 Annualized, Lowest Since Jan 2022

August sales dropped by 20,000, marking a fourth consecutive monthly decline. Since May 2023, sales are down 131,000, or 24%.

Summary

U.S. heavy truck demand weakened in August, with sales decreasing by 20,000 to a 422,000 annualized rate, the lowest level since January 2022. It was the fourth consecutive monthly decline. Since May 2023, heavy truck sales have fallen by 131,000, representing a 24% drop.

Terms & Concepts
  • Annualized rate: A monthly or short-period measure converted to a yearly pace.
  • Consecutive monthly decline: A sequence where a metric falls for multiple months in a row.
  • Heavy truck sales: The number of heavy trucks sold in a given period.