Truck Sales

Heavy equipment seller Cervus Equipment, which owns a large Peterbilt dealer network in Canada, has agreed to be acquired by Brandt Tractor for CA$302 million ($240 million) in a deal that will take the company private.  The deal, announced Monday, has Alberta-based Brandt Tractor paying CA$19.50...

Canadian trucking and logistics giant Mullen Group (TSX:MTL) has acquired British Columbia-based Bandstra Group of Companies in a deal that adds a trucking operation and — intriguingly — a Volvo and Mack truck dealership with three locations.  The acquisition, announced late Friday, adds the 180-...

Used Class 8 trucks sold at the fastest rate in two years in February as depressed prices and seasonality combined to juice an otherwise quiet equipment market. "Relatively solid February numbers were a reflection of where the market may have been headed before the coronavirus flipped the economy...

Rush Enterprises Inc. (NASDAQ: RUSHA), which operates the largest network of commercial vehicle dealerships in North America, on Wednesday reported fourth-quarter revenue of $1.3 billion, compared to revenue of $1.5 billion for the fourth quarter of 2018. Net income for the fourth quarter was $23....

Preliminary Class 8 retail sales for September set an all-time record, but large fleet deliveries likely inflated the results that erased the previous record set in December 2006, according to FTR Transportation Intelligence. Sales were up 20% over August and 20% year-over-year. Class 8 U.S....

Preliminary orders for Class 8 trucks fell about 80 percent compared with August 2018's record orders. All eyes are on the fall months to see how soft the market for new equipment will be. Class 8 truck orders fell for the 10th consecutive month in August. (SONAR:Orders:CL8) Orders fell for the...

Daimler AG (OTC: DMLRY) reported its first quarterly loss in a decade on Wednesday (July 24) because of one-time charges related to Takata airbag inflators in Mercedes-Benz cars and legal risks for ongoing diesel emissions investigations in Germany. Sales and earnings for commercial trucks...

Sales of used trucks in the Class 8 market plummeted 22 percent in May compared with the same month a year earlier, and dropped 8 percent from the previous month. Sales are down 17 percent year-to date compared with the first five months of 2018, according to ACT Research. "Sales of used trucks...

  Rush Enterprises (NASDAQ: RUSHA) attributes its robust first quarter revenue to strong heavy-duty and medium-duty truck sales, solid gains in its aftermarket products and services and increased service offerings that included adding 85 technicians to its 100 dealerships in the U.S. San...

The average price of a Class 8 used truck sold in February was $48,173, nearly 15 percent higher than the same month a year ago when trucks were selling for $41,995, according to ACT Research. However, sales of used trucks in February are down 7 percent from the previous month and dipped 20 percent...

Shares of Ford Motor Company (NYSE: F) were trading lower by more than 2 percent on Tuesday after the company reported its April U.S. auto sales data. Ford said its total U.S. auto sales rose 4 percent year-over-year to 231,316 units. CNBC's auto expert Phil LeBeau pointed out that Ford...