COLUMBUS, Ohio — Despite encouraging preliminary Class 8 net order figures in October, fleet managers aren’t opening their wallets just yet, according to the latest FSR Equipment Buying Index produced by CK Commercial Vehicle Research.
The company’s fourth quarter survey, which measures US fleet buying intentions, fell 23% from the previous quarter to a reading of 68.7. The main source of the decline was that very few fleets planned to purchase new trailers, CKCVR reported.
Only 21% of responding fleets said they’ll be purchasing new trailers in the fourth quarter while 46% planned on adding power units.
The FSR Buying Index is a “simple measure of planned buying behavior of for-hire, private and government fleets responding to CKCVR’s Fleet Sentiment quarterly questionnaire,” according to the company.
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