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.
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.
The third-party battery health diagnostic tool will strive to become the industry standard to assess the condition and value of EV batteries.
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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SelecTrucks is offering buyers some extra confidence during their first few months of used-truck ownership with enhanced 60-Day Buyer’s Assurance coverage.