Fleet Sentiment Report indicates solid orders into 2016

Fleet Sentiment Report indicates solid equipment ordering from fleets into 2016

The quarterly Fleet Sentiment survey conducted in early October by CK Commercial Vehicle Research (CKCVR) indicates that fleet equipment ordering activity could be similar in 2016 to what it has been for 2015.

A majority (76%) expect their heavy-duty truck orders to match what was purchased in 2015, with a few more even planning an increase. A smaller percent (63%) said the same about their trailer orders. The survey showed that planned ordering activity during Q4 2015 will start the ball rolling for 2016 especially from the larger fleets reporting. Weighted volume average for expected truck orders from this group in the October-December time frame is improved both quarter-over-quarter and year-over-year. Expected trailer orders during the period were improved quarter-over-quarter but fell short of the difficult comparison to last year.

Driver shortage issues continue to plague most fleets reporting to the CKCVR survey, especially with their ability to grow to take advantage of good freight demand. Many are simply not adding to their fleet because they don’t have enough drivers to fill current seats let alone additional seats.

Equipment demand for 2016 for this group can change if the economy falters. Chris Kemmer from CK Commercial Vehicle Research explained “while a majority of the fleets reporting to us saw their business as good or even excellent, any fall off in freight or work demand will certainly cause them to re-think their 2016 plans. They have been upgrading their equipment at a pretty high level over the last two to three years so I expect they could take a pause in new equipment purchases without taking a significant hit to maintenance costs associated with older vehicles. But if the economy stays fairly strong, they will likely continue to purchase new trucks and trailers at a similar level as we’ve seen this year.”

For more information about the Fleet Sentiment Report and other CK Commercial Vehicle reporting visit www.ckcvr.com.

You May Also Like

Decisiv adds SRM Sentinel Managed Care to TICO Edge

According to Decisiv, the new addition to the service management platform lets customers to proactively meet service needs and improve uptime.

Decisiv-TICO-TMC-2024-Dick-Hyatt

Decisiv Inc., a provider of Service Relationship Management (SRM) solutions, announced at the TMC 2024 Annual Meeting, that its Decisiv SRM Sentinel Managed Care application has been added to the TICO Edge platform. Decisiv says the addition of SRM Sentinel allows the manufacturer’s dealer network, customers and the TICO Uptime Center to collaborate in real-time for service and repairs.

Noregon announces ZF tractor, trailer telematics collaboration

The two companies demonstrated an early version of the paired telematics collaboration at the TMC 2024 Annual Meeting.

Noregon-TMC-ZF-partnership-telematics
The new Volvo VNL’s connectivity aims to boost productivity, streamline maintenance

Real-time fleet monitoring, remote updates, and extended service intervals for optimized truck performance.

Volvo-connectivity-service-TMC-1400
Pressure Systems International introduces new Geotab Marketplace offering

TireView LIVE integrates with Geotab, providing real-time tire monitoring, analytics and tire management.

PSI-TireViewLive-Geotab-TMC
Serjon highlights cybersecurity training as tech connects trucks

After successful attacks on large fleets, Serjon says it’s important to keep all employees trained on detecting cybersecurity threats.

Trailer Telematics-cybersecurity-attacks-hacking-safety

Other Posts

FTR: Class 8 orders fell in February, up year-over-year

Despite the 9% drop from January, FTR says net orders for February are up 11% year-to-year, according to preliminary data.

FTR-Feb-2024-preliminary-net-orders
ACT Research: Freight capacity decline likely to continue

The latest release of ACT’s For-Hire Trucking Index reflects the slowly progressing freight market recovery.

ACT-for-hire-volumes-Jan-2024
ELFA: January new business volume up 6% Y/Y

Despite falling from December’s high, the association’s earlier predictions of a strong start to 2024 are still on track.

Equipment-leasing-finance-association-monthly-ELFA-MLFI-JAN-24
Class 8 orders strong in February

Even when seasonally adjusted, ACT says preliminary order numbers for February are up 5% over January.

ACT-Class-8-Feb-truck-orders