While both tractor and trailer sales saw a surge in October of 2019, those numbers quickly started dropping, with a COVID-19-related low in April 2020 of 1,680 tractors and 209 trailers.
The trade cycle of Class 8 trucks among private fleets accelerated to 6.3 years from last year's 6.5 years, while the overall trade mileage dropped to 610,000 miles, down 20,000 miles from 2019. Both of this year’s results were quicker than any other trade cycles ever reported in the history of the National Private Truck Council's annual survey. Five years ago the figures stood at 8.7 years and 713,900 miles.
By Heavy Duty Trucking
Although labor issues remain a significant challenge for respondents in the National Private Truck Council's annual survey, they continued to report retention and turnover performance far better than their for-hire colleagues.
Heavy-duty truck driver and tractor-trailer driver wages and employment rates vary greatly by state.
Looking at the average price of the benchmark sleeper tractor sold through the two largest nationwide no-reserve auction companies, Class 8 auction volume increased in June.
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