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S&P Mobility projects that no single fuel or powertrain type will account for the majority of sales in medium-duty (Classes 4-7) and heavy-duty (Class 8) trucks over the next 25 years.
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Considering interest rates, inflation, fuel prices, fleet sales, vehicle values, and other factors, the prevailing theme is moderation. Is this what a “soft landing” looks like?
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The average listing price of a vehicle remained above $47,000 since April, while the ATP of a new vehicle in July was $48,334 compared with $48,671 in June.
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This wave of off-lease vehicles is expected to be one of the biggest threats that the new-vehicle industry will face this year and the next. And, it won’t just be the sheer volume of relatively new, low-mileage vehicles that will pose a risk to the new-industry; it’ll be the types of off-lease vehicles returning to market that will present the biggest hurdle.
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