Natural Gas Class 8 Retail Sales Have Healthy Start to 2017, Heavy Industry Focus on Electric

Posted on 21. Apr, 2017 by in Natural Gas, Press Releases

COLUMBUS, IN – U.S. and Canadian natural gas heavy duty retail sales had a healthy start to 2017, boosted mostly from refuse fleets, transit, and school bus operators, according to the most recent Natural Gas & Alternative Fuels Quarterly publication released today by ACT Research. “The best January in the past three years set up the positive year-to-date February performance,” said Steve Tam, ACT’s Vice President. He continued, “Among truckers, it appears as though the majority of incremental volume came from those who currently have natural gas vehicles and are replacing units or increasing their number.”

However, in comparison to the total market, natural gas Class 8 truck and bus sales remain slow when calculated as a percentage of the total market. For 2016, the natural gas share was estimated at 3% due to the higher new truck sales and lower natural gas penetration. “Given relatively low diesel fuel prices and the subsequent price narrower spread between CNG and diesel, payback times remain longer than most truckers’ trade cycles,” noted Tam.

With the increasing discussion about electricity, particularly as a transportation fuel, ACT has expanded the alternative fuels section in the latest release, titled Electric & Hybrid Electric Vehicles 101. “With the recent news coverage of Nikola Motor Company, Tesla, Toyota, and others, it is important to keep a finger on the pulse of the entire alternative fuels market,” said Tam. “Whether it is natural gas or hybrid electric, companies need to be well informed of the market options when considering alternatives for their current vehicles,” he concluded.

ACT has a quick reference calculator for fleets considering moving from diesel to natural gas; it’s free. Go to NG FUEL PAYBACK CALCULATORS (http://calc.actresearch.net/).

ACT is the leading publisher of new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market, as well as the U.S. tractor-trailer market and the China CV market. ACT’s CV services are used by all major North American truck and trailer manufacturers and their suppliers, and worldwide banking and investment companies. For more information on ACT or the Natural Gas Quarterly, please visit www.actresearch.net.

Media Contact:
Donavan Gerken
812-379-2085
dgerken@actresearch.net