U.S. and Canadian Class 8 Natural Gas truck retail sales for the first 2 months of 2020 gained 29% year-to-date over 2019, as published in the quarterly report (AFQ: Alternative Fuels Quarterly) just released by ACT Research.
“Sales of natural gas-powered vehicles as reported by the six major truck OEMs, who account for approximately 60% of the heavy-duty natural gas market, were mixed in the December 2019 through February 2020 time period,” says Steve Tam, Vice President at ACT Research. He continues, “Through the first 2 months of 2020, reporting manufacturers of natural gas-powered Class 8 units rose 29% year-to-date compared to the first 2 months of sales in 2019. For comparison, total U.S. Class 8 sales were down 23% for the same period.”
Tam adds, “Previously, the 2020 natural gas market was expected to decrease on a unit basis, but increase[d] penetration due to a shrinking Class 8 market. However, COVID-19 is wreaking havoc on both the economy and the commercial vehicle market, leading ACT to cut not only the total Class 8 forecast, but also the Class 8 natural gas unit sales, as well.”