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While record-high gasoline and diesel prices are softening light-duty vehicle sales – especially large SUVs – sales of medium-duty trucks continue to surge. Demand for commercial medium-duty trucks has been on an upward trajectory since 2003.
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There is record demand for medium truck tires and a corresponding shortage of supply. Besides the cyclical upturn in truck sales, the increased demand is also being fueled by the upcoming 2007 diesel emission standards.
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A growing trend among commercial fleets has been the shift toward driver risk management versus traditional fleet accident management. “This is really a paradigm shift for the industry because it represents the next frontier where fleets can extract significant cost reductions,” said Art Liggio, national director, risk and insurance services for The CEI Group.
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Take-home vehicles have been controversial for years, but recently, they have come under even closer scrutiny at a number of jurisdictions. For instance, Rockland County in New York clamped down on the number of government employees assigned take-home county-owned vehicles. For years, department heads could determine who got to commute to work in a county vehicle.
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These include increased Internet-enabled real-time communication, new technology applications, increased cost of replacement parts, and, perhaps most importantly, a growing shift toward focusing on driver risk management.
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Proliferation of Onboard Technology in Trucks The computing power contained in a truck will be tapped in increasingly creative ways.
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The Kodiak/TopKick is built as a basic crew cab and chassis and shipped to Monroe Truck Equipment where the pickup box is installed. The truck’s design is suited for construction, government, and agricultural applications.
Read More →Manheim DRIVE is a laboratory to test innovations with consignors and dealers in vehicle check-in, reconditioning, and paint and photo technology. If the innovations prove successful, they will be implemented at auctions.
Read More →As the car rental industry continues to regain its footing, industry analysts expect market conditions to stabilize in 2005, but with continued downward pressure from retail incentives.
Read More →Onboard oil life monitoring systems are lowering preventive maintenance expenses for fleets by extending oil drain intervals. Also, wear items, such as tires and brake pads, are lowering cents-per-mile expense by lasting longer.
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