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
The pandemic could drive more fleets to consider emergency planning and has increased vehicle operating expenses for many fleets.
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As of Nov. 1, 2020, all truck classes declined in overall wholesale values.
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How has COVID-19 impacting truck fleets related to their business and overall number of loads? How might it have actually improved things?
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As of Oct. 1, 2020, pickup trucks continued the dramatic and steady month-over-month increase in wholesale values from June to October 2020.
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As of Sept. 1, 2020, pickup trucks continued the dramatic and steady month-over- increase in wholesale values from June to September 2020.
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As of Aug. 1, 2020, pickup trucks saw a huge spike in wholesale values from June to July 2020.
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As of July 1, 2020, average wholesale values for all model-year 2015-2017 truck classes experienced some form of increase in value, except Class 7 medium-duty.
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As of June 1, 2020, all truck classes continued to experience a drop in resale values for 2015-2017 model-year units. This is the second month of decreases following the rise in all values in April 2020.
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As of May 1, 2020, all truck classes experienced a dropin resale values for 2015-2017 model-year units compared with the rise each class saw last month.
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Likely one of the most important tasks a fleet manager must handle is vehicle maintenance. A truck that isn’t working can’t accomplish its job; it’s a simple fact.
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As of April 1, 2020, all truck classes experienced a rise in resale values for 2015-2017 model-year units.
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