The CKCVR Buying Index, courtesy of CK Commercial Vehicle Research.
COLUMBUS, Ohio — It seems US fleet managers and excutives are planning on opening their pocketbooks this year and investing in their fleets.
According to the results of CK Commercial Vehicle Research’s Q1 2014 Fleet Sentiment survey, 62% of fleet executives surveyed plan to place orders for Class 8 trucks sometime in the next three months. The survey also revealed that 48% expect to place trailer orders during the first quarter of 2014. For the most part, the orders are intended to replace existing assets, and not increase fleet size or capacity.
The survey also looked at other aspects of the industry and found that larger fleets will be more likely to place orders early in the year, that fleets are continuing to feel the effects of the driver shortage, that the vast majority of maintenance (79%) is done in-house, and that truck pricing is definitely a contributing factor when buying decisions are being considered.
CK reports the overall environment and mood is good at the fleets surveyed. The CKCVR Buying Index, which combines activity and volume for both planned tractor and trailer orders, is sitting at a level of 112, which the company reports as the highest reading registered since the index was created in 2008.