Why Truck Sales Are On The Rise
Semi-truck sales are growing, but it's not because business is booming. It's a make-up for time lost during the COVID pandemic. Large truck companies couldn't buy new trucks from 2020 to 2022 due to supply issues and lack of drivers. Now, they're ordering more trucks than usual to replace their old ones and take advantage of more available drivers.
Source: Craig Fuller Twitter
Yes it’s true - new truck orders continue at robust levels, while the freight market collapses - this shouldn’t happen.
— Craig Fuller 🛩🚛🚂⚓️ (@FreightAlley) June 8, 2023
Why is this cycle different?
Mid-sized and large fleets buy their trucks at regular intervals, regardless of the economy. In fact, some increase purchases… https://t.co/um9d1z4lcV
