COLUMBUS, Ohio — US fleets are more likely to invest in new vehicles in early 2013, according to the Q1 Fleet Sentiment Report published by CK Commercial Vehicle Research.
The survey of 64 fleets measured planned buying activity for the next three months. The Fleet Sentiment Index rose above its 100 benchmark for the first time since the survey was created in the first quarter of 2008.
The Fleet Sentiment Report found: the Buying Index (measuring the percentage of responding fleets planning to buy new vehicles and trailers along with the expected volume of those purchases) reached 103.8, its highest level since Q1 2008; new orders were primarily for replacement needs; the Q1 2013 survey found a 15% year-over-year improvement in the number of fleets looking to order trucks; Great Dane was expected to receive the largest portion of trailer orders from respondents; and that the majority of responding fleets have sufficient freight demand to meet their current capacity.
The full report can be ordered from www.ckcvr.com/fsr.html.