Rush Enterprises (NASDAQ: RUSHA) reported lower new and used truck sales in 2020 because of COVID-19. But Class 8 business improved in the fourth quarter as freight demand brought a surge in equipment orders.
The nation’s largest chain of dealerships sold 10,670 new Class 8 trucks at retail, a decrease of 28.8% compared to 2019. It accounted for 5.5% of the new U.S. Class 8 market. Industrywide, Class 8 retail sales were down 30.5%, according to ACT Research.
“Our Class 8 new truck sales results...