Class 8 Truck Sales Forecast to Rebound in 2021

(Originally Published by Truckinginfo.com)

Yes, it’s always darkest before the dawn, but at least sometimes the dawn comes sooner than later. From what happened this year to what is projected to happen next year sales-wise, the heavy-duty truck market will be set up for a “modest rebound in 2021 followed by growth into 2023,” according to Act Research President and Senior Analyst Kenny Vieth.

Vieth issued that assessment on Nov. 27, explaining that for Class 8 sales over the next four years, what will take place is a “regression to the mean.” That’s statistical speak for the tendency of extreme outcomes to return to normal after an unusual event, which in this case was this year’s remarkably strong truck sales.

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