Work Truck Solutions' annual review of 2023 data shows that while commercial vehicle inventory levels outpaced growth in 2023, work trucks and vans carried higher price tags - signaling that demand is still strong.
The market is riding upward trends in inventory and sales, although average prices have dropped in the quarter after three straight quarters of increase.
While used vehicle prices in Q1 declined overall, prices for new work trucks and vans saw price increases quarter-to-quarter and year-over-year.
The two-day event, convening Oct. 16-18 in Las Vegas, is designed to give delivery fleets of all types the tools and strategies to maximize vehicle uptime, enable peak performance, and keep drivers safe and productive.
Sit down with Kathryn Schifferle of Work Truck Solutions and learn about how various fleets and vendors are exploring new acquisition strategies as they aim to meet ongoing supply chain constraints.
As fleets continue to grapple with vehicle availability, some are adjusting by testing out new acquisition strategies. Dig deeper in this Fast Forward video with Kathryn Schifferle.
According to data from Work Truck Solutions, new on-lot commercial vehicle inventory per dealer was up 36% in Q4 compared to Q1 — but that’s still only half of the inventory in Q4 2020.
Manufacturing obstacles have kept new inventory per dealer drastically lower than last year, but there was good news.
From the pandemic to chip shortages, vocational fleets have had to weather a lot. Here’s what they can do to prepare going forward.
Work Truck Solutions is hosting its Commercial Vehicle Business Summit on March 3-4, 2021, and will feature leaders in the commercial vehicle industry who will share their knowledge on a variety of industry topics. Registration to the event is free for attendees.
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