Rising Demand, Aging Fleets, High Fuel Prices Keep Truck Buyers on the Hunt for Fresh Used Inventory
Whether you’re an independent owner/operator or commercial truck fleet manager, keeping profit margins healthy isn’t getting any easier despite positive industry signals. As the first quarter concludes, the outlook for our industry continues to be very strong, as mentioned in last week’s report from the NTEA show.
Rising demand is also driving hiring: payroll at for-hire trucking companies was 40,000 jobs higher than in March 2010 according to the Commercial Carrier Journal.
However, all that good news is still being tempered by the squeeze on the bottom line thanks to rising fuel costs. The national average price for on-highway diesel increased 2.5 cents to $3.932 a gallon during the week ending March 28, according to the U.S. Department of Energy’s Energy Information Administration (EIA). According to agency data, the price of diesel is now more than 99 cents above the same week a year ago and nearly 98 cents higher than the level in late September when the current surge began.
With operating costs on the rise, aging fleets and new production still recovering (and with some manufacturers now suffering another setback from the Japan crisis and resulting parts challenges), getting quality used inventory continues to be a top priority. We’re here to help.
If you’re looking to upgrade your equipment, be it a Class 3 to 6 Medium duty or Class 7 and 8 Heavy duty truck, start your search at an upcoming Manheim Specialty sale, like our twice-monthly Thursday Thunder online sales. To preview upcoming sales, check out the calendar today. Owner/operators are invited to join our sales online via Proxibid.
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