Retail U.S. class 8 truck sales declined in July for the 11th straight month in comparison with last year, according to WardsAuto.com. However, the drop was the smallest percentage decline of the 11 months.
The July total also dropped from June, and cumulative year-to-date sales for 2013 fell from the previous year.
Some industry participants said they were optimistic about the potential for growth in the second half of the year, but one analyst said the ongoing slide in market activity meant manufacturers would have to reset their production expectations for the year.
W.M. “Rusty” Rush, chairman and CEO of truck dealership chain Rush Enterprises Inc., told…
By Seth Clevenger, Staff Reporter for TT
