U.S. Heavy Truck Sales increasing following Oil Price Related Slump

by Bill McBride on three/24/2017 11:52:00 AM

The following graph reveals heavy truck product sales since 1967 using data from the BEA. The dashed line is the February 2017 seasonally adjusted annual product sales charge (SAAR).
Heavy truck product sales really collapsed all through the good recession, falling to a low of 181 thousand in April and May 2009, on a seasonally adjusted annual charge basis (SAAR). Then product sales elevated larger than 2 1/2 events, and hit 479 thousand SAAR in June 2015.
Heavy truck product sales declined as soon as extra – most certainly principally on account of weak level throughout the oil sector – and bottomed at 352 thousand SAAR in October of ultimate 12 months.
Heavy Truck Sales
Click on on on graph for larger image.
With the rise in oil prices over the previous 12 months, heavy truck product sales have been rising too.
Heavy truck product sales have been at 400 thousand SAAR in February 2017.