The State of the Market for Class 3-4 Trucks, Vans
The economic downturn of 2008 and the lean years that followed prompted many fleets to scale back their vehicle replacement schedules. Rebounding from that conservative trend, fleets in the Class 3-4 truck market are showing an increase in order volumes.
This and other findings related to OEM truck production, safety concerns, telematics trends and more are highlighted in this Work Truck article. ARI’s Chris Foster and Partha Ghosh were among the industry experts from various fleet management companies and vehicle manufacturers who contributed to this article.
Foster offered his insight as to how extended lifecycles impact operating costs and efforts to help fleets manage fuel costs. Ghosh commented on the importance of choosing proper van vs. truck specs and factory-installed options vs. upfitting.
To read the full article, click here.