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48% of field service leaders are investing in AI to manage customer communication and self-service. Get the latest on how fleets are using AI and thinking about the future.
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As of Dec. 1, 2021, all truck classes, from pickups to Class 4 medium-duty through heavy-duty Class 8 units, experienced an increase in wholesale values over the prior month.
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Today’s international market conditions are not so different than they were 20 years ago and there are opportunities to be had (but no one said it was easy).
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As of Nov. 1, 2021, all truck classes except pickups, from Class 4 medium-duty to heavy-duty Class 8 units, experienced a decrease in wholesale values over the prior month.
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With the help of industry experts, Automotive Fleet takes a look at the current state of the used-vehicle market and what the near future may hold.
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As of Oct. 1, 2021, average wholesale values for 2016-2018 model-year light-, medium-, and heavy-duty trucks were all over the place.
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Part and labor prices have increased 4-8%, while part and labor availability have decreased. Due to difficulties sourcing replacement vehicles, fleets are keeping units in service longer. This caused repair spend to increase in 2021.
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Many tire OEMs have increased prices in CY-2021, ranging from 3-10% depending on type of tire and size. Higher commodity prices and increased ocean freight rates are being passed on to end users as OE profit margins compress.
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As of September 1, 2021, all truck classes except pickups, from Class 4 medium-duty to heavy-duty class 8 units, experienced an increase in wholesale values over the prior month.
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The third-party battery health diagnostic tool will strive to become the industry standard to assess the condition and value of EV batteries.
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Work Truck Solutions expands its partnership with Ryder System, Inc., by offering Ryder used-truck inventory on the commercial vehicle channel, Vehicle Acquisition Search Tool (VAST) .
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