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Work Truck Solutions’ quarterly analysis reveals how tariff uncertainty is adding pressure to recently recovered supply chains.
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Work Truck Solutions’ Q3 2024 Commercial Vehicle Market Analysis shows marked increases in inventory and days-to-turn (DTT) for new work trucks, but only slight increases in new pricing and softening used truck prices.
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According to Work Truck Solutions, while median mileage for used work trucks has been trending upwards since late 2020, average list prices went up as well.
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Check out what is top of mind for North American fleet professionals on the issue of inventory constraints and vehicle availability.
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Two universal challenges faced by fleet managers in the 2021 model-year were longer lead times and tight product availability, particularly constrained was van and truck chassis availability. The COVID lockdowns in 2020 and the shutdown of all North American assembly plants from mid-March to mid-May 2020 triggered a domino effect resulting in delays with the new model-year bid process during a period of widespread budget constraints.
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The decreased volume of new medium-duty trucks sold from 2008-2010 has created a tight inventory of used trucks in today's wholesale market. As a result, demand is exceeding supply, especially for lower-mileage medium-duties in good condition, which has exerted positive upward pressure on resale prices across the board.
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