New Truck Production Bottoming Out

March 28, 2001
MIAMI – Some industry observers attending the Truck Renting & Leasing Assn.’s 23rd annual meeting say they believe the production of new trucks has finally bottomed out. Frank Sheehan, vp-sales and marketing for Dana Heavy Truck Group, said Class 8 production is down 55% from last year, with medium truck production down 30%. That translates into total truck production volume of 11,000 to 12,000 new
MIAMI – Some industry observers attending the Truck Renting & Leasing Assn.’s 23rd annual meeting say they believe the production of new trucks has finally bottomed out.

Frank Sheehan, vp-sales and marketing for Dana Heavy Truck Group, said Class 8 production is down 55% from last year, with medium truck production down 30%. That translates into total truck production volume of 11,000 to 12,000 new units a month for a projected total of 140,000 new units this year.

“I think we are at the bottom in terms of falling truck production,” Sheehan said. “Now the question is how long will low production volume last?”

About the Author

Sean Kilcarr | Editor in Chief

Sean reports and comments on trends affecting the many different strata of the trucking industry -- light and medium duty fleets up through over-the-road truckload, less-than-truckload, and private fleet operations Also be sure to visit Sean's blog Trucks at Work where he offers analysis on a variety of different topics inside the trucking industry.

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