Refrigeratedtransporter 4610 Truck 602567 1920 0

Fleet survey indicates modest equipment purchases for 2020

Nov. 5, 2019
CKCVR's recent fleet sentiment survey indicates most fleets have modest equipment purchase plans for 2020.

CK Commercial Vehicle Research (CKCVR) says its most recent fleet sentiment survey indicates most fleets have modest equipment purchase plans for 2020.

The 2H 2019 Fleet Sentiment Survey was conducted in August and September.

Additionally, CK said, multiple factors were identified that could, or definitely would, change current plans for purchasing trucks and trailers for next year’s delivery.

Key results from the survey include:

  • Equipment purchase plans for 2020 are solid but not exuberant. More interest in purchasing new power units than trailers.
  • Although participants indicated they are fully committed to the equipment purchase plans they have in place today—there are many factors identified in the report that could change those plans—both for better or worse.
  • The members of CKCVR’s fleet panel have largely reduced the age of their equipment over the past few years.
  • Over the last 2-3 years, replacement equipment plans have moved away from the “historical norms” for many reporting to take advantage of new equipment offering increased productivity and MPG, less maintenance and better driver satisfaction.
  • FSR’s How’s Business measure remains in “very good” range and demand vs capacity is at a breakeven point for most.
  • Fleets continue to pursue tracking, monitoring and collision avoidance technology for their vehicles.

CK Commercial Vehicle Research has been surveying fleets for more than a decade, conducting industry and proprietary research studies. The CKCVR panel of approximately 50 fleet executives primarily represents the core of the commercial vehicle universe, those operating between 25 and 500 Class 8 trucks with some running in excess of 2000 heavy-duty trucks, CKCVR said.

Most of these fleets regularly buy new trucks and trailers, adopt new technology, buy parts and services and drive change in the industry. Their activity gives a window into the commercial vehicle universe.

About the Author

Staff

Sponsored Recommendations

Reducing CSA Violations & Increasing Safety With Advanced Trailer Telematics

Keep the roads safer with advanced trailer telematics. In this whitepaper, see how you can gain insights that lead to increased safety and reduced roadside incidents—keeping drivers...

80% Fewer Towable Accidents - 10 Key Strategies

After installing grille guards on all of their Class 8 trucks, a major Midwest fleet reported they had reduced their number of towable accidents by 80% post installation – including...

Proactive Fleet Safety: A Guide to Improved Efficiency and Profitability

Each year, carriers lose around 32.6 billion vehicle hours as a result of weather-related congestion. Discover how to shift from reactive to proactive, improve efficiency, and...

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry during this informative webinar, where experts will share insights on competitive...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!