COLUMBUS, Ohio — The latest Fleet Equipment Buying Index published by CK Commercial Vehicle Research (CKCVR) suggests fleets may be preparing to open their wallets.
The index, which measures the planned buying behaviour of US for-hire, private and government fleets over the next three months, climbed to 93.3. That’s up from 75.8 in the first quarter, the researcher announced. It’s also greater than the fourth quarter of 2008.
A higher reading indicates that more fleets are planning to purchase equipment.
In April, 48% of fleet respondents said they plan to place orders for power units in the next three months and 38% said they plan to order trailers.
In the previous quarter, only 44% of respondents said they were planning to buy power units and only 30% said they were intending to buy trailers.
CKCVR warned that while more fleets are planning to make purchases, those order sizes remain weak.
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