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Market Trends

Work Truck Trends: 2020 was the Year of Class 5

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.

Upfitter Backlogs Created by Strong Truck Demand

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.

Return of 'Normal' Used-Vehicle Market Demands Seasonal Remarketing Strategy

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.

10 Strategies to Curb Medium-Duty Truck Operating Costs

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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