July 16, 2008
PHOENIX – Now that hybrids have a firm green foothold on the market for cars and light trucks, they are moving into medium- and heavy-duty trucks.
Tags: diesel-electric trucks, Freightliner LLC, heavy-duty, Hybrid, Kenworth Truck Co., Medium-Duty Truck, Navistar International Corp., Peterbilt Motors Co.
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By Mike Antich Fuel prices hit record highs. The cost of financing a fleet doubles. Used-vehicle values plummet. Dealers are unable to sell the vehicles they have in inventory. Geopolitically, the U.S. is embroiled in war and the macro-economy teeters on recession. If you think I'm talking about 2008, think again. The year was 1973.
By Mike Antich October was an extremely difficult month to remarket vehicles in the wholesale market as resale prices took a precipitous drop. Wholesale pricing, based on mixed mileage and seasonally adjusted, declined a record 6 percent in October. The lack of credit to both dealers and retail buyers has been the key catalyst contributing to the downturn in the wholesale market. The market forecast is gloomy until the credit gridlock is resolved.
By Mike Antich
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SPECIAL REPORT: Company Provided Vehicles vs. Reimbursement