Lease/rental and general-freight fleets on average purchase the most Class 8 trucks, even though that may not be much of a surprise, even in many years upto half of the new-vehicle registrations into lease/rental companies are such as Class 8 trucks. Further, lease/rental fleets typically will be the first businesses to start buying trucks once the economy improves while their very best clients, the general-freight fleet buyers, then wait to find out if the retrieval is sustainable before jumping back in the market.
Spending by state and regional municipalities is forecast to increase slightly in 2018, but that money may move toward building more schools rather than highway and street work, typically stronger drivers of vocational truck earnings, as governments postpone buying equipment, Latin-Kasper said.
Approximately 60% of Course 8 new-vehicle registrations over the last two years came from smaller fleets — those with over 500 trucks “We see signs that the big buyers are coming straight back from 2018, but we’re unsure how long that will last,” he said.
“We expect to find a substantial dip for brand new sales in 2018 as big fleets [more than 500 trucks] return to the market,” explained Steven Latin-Kasper, manager of market statistics and research for NTEA, within a semester on the outlook of their workforce industry.
That bounce could possibly be short lived, however, since Class 8 earnings will fall off again marginally in 20-19 because of saturation, Latin-Kasper added. New housing structure, another motorist of vehicle sales, albeit in the light- and medium-duty weight classes, is predicted to rise roughly 4.5 percent, in accordance with the National Association of Home Builders.