The Heavy-Duty Manufacturing Industry Posts Record Sales in June
Record sales in the heavy-duty trucking industry translate into sustain growth and success for automotive manufacturing companies and suppliers in 2015.
Economic forecasts for the heavy-duty trucking manufacturing industry are strong right now thanks to record sales this June. According to the Heavy Duty Manufacturers Association (HDMA), U.S. sales of heavy-duty trucks reached the third-highest level in history in June, 2015. Sales are attributed to large fleet orders placed back in the fall and winter of 2014 that are now being delivered. The June sales record continues a growth phase within the industry and experts believe the trend will continue into the future.
Sales Soar This Summer
June’s sales volume was 18% higher than May, 2015 and was the most ever for the month of June. In all, 25,369 Class 8 trucks were sold, representing a 31% increase over last year. The last highest record for June was set back in 2006 with the sale of 25,240 Class 8 trucks. Best of all, HDMA projects that sales will continue and will sustain a positive outlook for the heavy-duty trucking industry through 2015. This is great news for those in the market who are looking to continue the growth cycle that has been building in the past years and is supporting a strong return of the heavy-duty trucking manufacturing industry.
Record Sales Sustain Future Growth
This is great news for the domestic automotive manufacturing industry and the nation’s economy as a whole. Record sales translate into additional manufacturing jobs and employment opportunities which in turn boosts the economy and sustains economic growth throughout the country. Heavy-duty manufacturing sales affect not only manufacturing companies, but manufacturing suppliers as well.
As a supplier to the heavy-duty trucking manufacturing industry, our team at Huron Automatic Screw Company is excited about the growth because it translates into growth and sustained success for our customers and our stakeholders. Our customers include premier fastener distributors and component manufacturers within the automotive industry who rely on the quality of our products such as double end studs, wheel studs and specialty bolts made from carbon, alloy, stainless, aluminum, and high temperature materials. Increased demand for these products results in additional growth and expansion opportunities for our customers and our company and further strengthens the industry as a whole.
About Huron Automatic Screw Company
With over 80 years of experience, Huron Automatic Screw Company is highly regarded in the fastener manufacturing industry for product excellence and quick turnaround, making us an ideal partner to handle your prototype through production quantity jobs. Our precision machined threaded fasteners, pins, spacers and other parts are purchased by fastener distributors, component manufacturers and OEMs across the United States and go into a wide variety of components such as axles, power trains, suspensions, engines and steering components.
Our tradition of quality and our use of innovative modern manufacturing practices have been our company’s competitive edge in manufacturing precision machined products. Add to that our reputation for on-time delivery and competitive prices, and you’ve got every answer you need to give us a try on your next project.