American Bus Association Foundation Releases Q2 2024 Motorcoach Builders Results
Motorcoach Quarterly Sales Report Shows Strong Growth in the Industry
Private sector buying up of new motorcoaches up 59% over prior year
The American Bus Association Foundation (ABAF) now shares the results of its Second Quarter 2024 Motorcoach Builders Survey, based on surveys of the major motorcoach manufacturers selling vehicles in the United States and Canada. According to the data, motorcoach manufacturers have seen continued growth in sales since the COVID-19 pandemic. Q2 data for 2024 show a 37.1% increase compared to the same quarter in 2023 and are 27.2% lower than 2019 figures.
This quarter, the participating manufacturers sold 480 new and 78 pre-owned coaches, for a total of 558 motorcoaches. This compares with 407 during the second quarter of 2023. The increase in sales was led by the private sector buying 59.7% more new vehicles than a year ago. This is a positive sign that the private motorcoach industry is continuing its recovery from the losses during the pandemic. The public sector’s buying is also 28.6% higher than a year ago.
“Our industry is seeing positive momentum as we recover and grow post-pandemic. These gains reflect the essential role motorcoaches play in connecting people with places across the country, whether for business, education or leisure,” says Fred Ferguson, ABA’s President and CEO. “As we move forward, we remain committed to providing safe, reliable and sustainable transportation solutions that help bring people together and strengthen the group travel and mobility industries.”
About the American Bus Association Foundation
The American Bus Association Foundation (ABAF), the philanthropic arm of the American Bus Association, is dedicated to advancing the motorcoach, travel, and tourism industry through research and education. The Foundation’s mission is to support the motorcoach travel and tour industry with research and scholarships that benefit the ABA, policymakers, and the public. The ABA Foundation has awarded more than $1 million in financial support to more than 300 scholars since the program began after the passing of then-ABA President and CEO George T. Snyder Jr. in 1995. Our scholarship programs help ABA members and the public earn degrees that support the motorcoach travel and tour industry and promote academic excellence and diversity.
For more information about the ABA Foundation and its scholarship program, please visit the Foundation’s mainpage.
About Oxford Economics
Oxford Economics is one of the world’s foremost independent global advisory firms, providing reports, forecasts and analytical tools for 200 countries, 100 industrial sectors and over 3,000 cities. With our Tourism Economics subsidiary, we deploy best-in-class global models and analytical tools to forecast external market trends and assess their business impacts. Headquartered in Oxford, England, with regional centers in London, New York, and Singapore, Oxford Economics has offices across the globe, employing over 600 full-time staff and one of the largest teams of macroeconomists and thought leadership specialists. Learn more at www.tourismeconomics.com / www.oxfordeconomics.com.
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