This also might have something to do with it. Older trucks are more attractive because they don't have as many emissions dongle's that are expensive and break all the time. The EPA has recently been cracking down on emissions delete kits, etc.
Who would invest in an ICE truck now not knowing what higher costs or restrictions it might have in a decade.. Most new car buyers are inherently irrational and not trying to make a profit from TCO relative to other car owners, but a truck..
> "ongoing lack of for-hire carrier profitability is the main bottleneck for improved new vehicle demand. While supply has started to come out of the market, demand is soft, with cyclical freight generating sectors lagging"
The quoted comment from an analyst is interesting, they think the drop in sales is because freight carriers arent making enough money to justify buying new trucks.
Is that because we are buying less, hence less to move around? Or buying more locally/fewer imports, hence less big rig miles needed? Or because of industry consolidation, eg Amazon shipping not generating work amongst any other truckers except Amazon?
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[ 3.3 ms ] story [ 21.0 ms ] threadhttps://www.thedrive.com/news/this-18-year-old-peterbilt-sol...
https://www.fleetequipmentmag.com/november-class-8-orders-do...
The quoted comment from an analyst is interesting, they think the drop in sales is because freight carriers arent making enough money to justify buying new trucks.
Is that because we are buying less, hence less to move around? Or buying more locally/fewer imports, hence less big rig miles needed? Or because of industry consolidation, eg Amazon shipping not generating work amongst any other truckers except Amazon?