Depreciation was low through most of 2019 but saw somewhat of an abrupt acceleration at the start of the fall season. As supply and demand continues to be strong, the outlook for depreciation in 2020 is cautiously positive.
Average Fleet Order-to-Delivery Times Worsen in 2019
Fleet order-to-delivery times for model-year 2019 increased in comparison to those in MY-2018. Delays were caused by rail constraints, plant downtimes, truck driver shortages, production capacity strains, and early order cutoffs.