Sales of Class 8 semi-trucks in February 2018 have reached its highest since 2006, with strong year-over-year growth from the same period last year.
U.S. News and World Report shared info that tells us traditional semi truck sales aren't slowing to make room for self-driving electrics just yet.
According to FTR, a trucking industry research firm, carriers ordered approximately 40,000 trucks in February, a 76-percent increase year-over-year, with two consecutive months of 40,000-plus Class 8 truck sales, a mark not reached since late 2014.
"The capacity crunch is transforming into a capacity crisis and many fleets of all sizes, in all markets, across the country are scrambling to add trucks as fast as they can," said Don Ake, FTR vice president of commercial vehicles, in a statement.
On the whole, February 2018 was the industry's eighth best month ever, according to Kenny Vieth, president and senior analyst of ACT Research, a second trucking consulting firm. Its largest market in North America includes the United States followed by Canada and Mexico, contributing 290,000 units in 2017 sales and 164,00 total units in 2016 from Paccar, Volvo, Navistar, Daimler AG, and a host of smaller truck manufacturers.
NEXT: CAR BUYER IN TEXAS SEES SUCCESS IN ODOMETER TAMPERING CASE
WATCH
