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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.