Mexico took center stage as China's foremost choice for light-duty commercial vehicle exports.
It is predicted that the medium-duty truck market will coast through 2024, and then accelerates as new emissions standards loom into 2025.
June reported overall wholesale vehicle prices declines throughout the month.
The biggest impact has been caused by the microchip shortage.
The trucking industry, and the supply chain as a whole, are in an upcycle, but analysts suspect that the industry has reached its peak.
During a Work Truck Show 2021 virtual presentation, Andrej Divis, director, medium & heavy commercial vehicle research for IHS Markit, discussed some current work truck market trends and forecasts.
Strong demand for light- and medium-duty trucks in the 2018 model-year increased order-to-delivery (OTD) times, resulting in widespread upfitter backlogs despite reduced fleet allocation availability due to competing strong retail demand for trucks.
It doesn’t matter if you have a one-truck or a 500-truck fleet, you must be compliant with DOT rules. When the GCVW is 10,001 pounds or more, a vehicle is covered under DOT regs and must display a DOT number or it will be subject to a fine if pulled over by the police.
For the past three years, everyone has been a remarketing genius. The low inventory of used vehicles in the wholesale market helped inflate resale values by about 10 percent. However, as greater volumes of used vehicles begin to enter the wholesale market, vehicle supply will start to meet buyer demand, which will put downward pressure on resale values. In many ways, the new used-vehicle market will demand returning to the basics, namely recognizing the seasonality of the used-vehicle market.
There is ongoing upward pressure on operating costs for medium-duty truck fleets. Factors impacting operating costs are volatile diesel prices, replacement tire costs, and longer service lives, which are increasing maintenance expenses due to component failures, escalating parts prices, and higher labor rates. Here are 10 strategies fleets are employing to mitigate these cost increases.
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