The Q3 2009 Fleet Sentiment Report Buying Index as reported by CK Commercial Vehicle Research rose just 1% from the adjusted Q2 2009 index to a reading of 89.0.
This index is a measure of planned buying behavior of for-hire, private, and government fleets responding to CKCVR's quarterly questionnaire. A lower reading indicates fewer fleets are planning to purchase equipment, while a higher reading indicates more are planning to purchase equipment.
In July 2009, 48% of participants in the Q3 2009 survey indicated they were planning to place orders for power equipment, while 39% were planning to place trailer orders during the next three months. While this is the highest reading for the index since Q3 2008, the size of the planned orders remains small — calculated at 4.2% of the response group's power unit population and 2.6% of their trailer population.
In July 2009, 64 fleets operating more than 62,000 medium- and heavy-duty power units and 86,000 trailers responded to the quarterly questionnaire. Complete results are reported in the Fleet Sentiment Report, a quarterly report of CKCVR.