US Class 8 truck sales still strong despite losing steam in July

Those projections have mostly been revised, with the recession delayed (if it occurs at all), and truck sales remaining strong. Compared with July 2022, sales have increased by 34%, due at least in part to greater used truck inventory. Kenworth reported sales of 3,026 in July, down 13.8% from June sales and down 1.3% from July 2022. Kenworth is close at 13.9% of reported sales, followed by Volvo with 9.8% and Mack with 6.6%. Expect Class 8 truck sales to remain strong for the remainder of the year.