Marleen De Winter’s Post

October 2024 delivered a strong rebound in the used truck market, with Class 8 truck sales climbing 10.7% year-over-year to 23,800 units. Even more impressive, sales saw a 9.7% increase from September, signaling renewed activity in the market. But here’s the surprise: while demand surged, average retail prices dropped 13.1% year-over-year to $55,221, presenting a prime opportunity for buyers in a shifting landscape. What’s driving these trends? A mix of growing inventory, strategic fleet upgrades, and changing buyer priorities. With average mileage edging up to 416,000 miles, smaller fleets and owner-operators are taking advantage of favorable conditions to secure quality equipment. Experts predict these trends will stabilize, with prices leveling off and growth expected to pick up again in 2025. My Key Highlights: •  Sales Surge: Class 8 truck sales rose 10.7% year-over-year to 23,800 units in October 2024, with a strong 9.7% improvement from September. •  Pricing Opportunity: The average retail price fell to $55,221, down 13.1% year-over-year, signaling a buyer’s market for those looking to expand or refresh their fleet. •  Mileage Trends: Average mileage ticked up slightly to 416,000 miles, reflecting the lifecycle of vehicles available in the market. •  Driving Factors: Increased inventory and steady demand from smaller fleets and independent operators continue to fuel sales. #UsedTruckMarket #TruckingIndustry #FleetManagement #MarketTrends #ACTResearch

Mack Trucks added a dozen dealerships to its network of electric vehicle-certified locations in North America, the OEM announced last week. The EV network has grown by 23% since May to 65 EV-certified locations across the U.S. and Canada. It now spans 29 states and four Canadian provinces, the company said. https://buff.ly/3VpHraT #TruckingNews #EVTrucking

Mack Trucks added a dozen dealerships to its network of electric vehicle-certified locations in North America, the OEM announced last week. The EV network has grown by 23% since May to 65 EV-certified locations across the U.S. and Canada. It now spans 29 states and four Canadian provinces, the company said. https://buff.ly/3VpHraT #TruckingNews #EVTrucking

Significant drop of -19.7%. A key factor in this export decline is the waning demand for models nearing the end of their production cycles, compounded by stricter environmental regulations in key global markets. These combined pressures have tempered growth in an industry poised for recovery amid shifting dynamics. Out of the total industry sales of 44,081 vehicles, an estimated 34,830 units, or 79%, represented dealer sales. An estimated 15% were attributed to sales in the vehicle rental industry, 3% to government, and 2% to corporate fleet sales. The new passenger car market in September 2024, at 30,218 units, registered an increase of 112 cars, or a rise of 2%, compared to the 29,626 new cars sold in September 2023. Sales to the car rental industry accounted for a substantial 28 % of new passenger vehicle sales during the month. Domestic sales of new light commercial vehicles, bakkies, and mini-buses at 10 914units in September 2024 recorded a decrease of 2,257 units, or a loss of 17,1%, from the 13,171 units sold in September 2023. In the medium and heavy truck segments, sales presented a mixed performance. Medium commercial vehicles saw an increase to 821 units, reflecting a gain of 4 units or 0,5%, compared to the 817 units sold in September 2023. However, heavy trucks and buses experienced a decline, with a decrease of 314 units or 18% compared to the 1,849 units sold in the same month last year. 

Canadian #electrictruck maker Vicinity Motor Corp. reported in its Q4 earnings it has an order backlog exceeding $125 million and that it has invoiced 71 electric trucks to its new dealers. Those #trucks are being upfit with box bodies and will be delivered this year, the company announced. Highlights of the quarter and full fiscal year include inking four VMC 1200 electric truck dealers; two in Ontario, and one each in Alberta and Quebec. #trucking #truckingindustry #sustainability #emissionsreduction https://lnkd.in/gRyRKrf4

Load Board vs. Available List: For Carriers, Brokers, Dealers, & Shippers. 💥 "They don't really have a load board. They have an available list of vehicles they want carriers to log on to and take from their available list. It's not a commercial application. A load board is multiple companies posting loads that are available for the carriers, not a, 'I have an available list, and I hope some carriers log on here and take the cars that I need to move off my available list.' That's not a load board. That's an available list. 🚗 Central Dispatch absolutely is a load board. They have every load that's available in the industry to ship. They take listings from multiple shippers, dealerships, and brokers, and they're posted and available for carriers. They have loads from everybody. It's a load board. That is a load board." ⭐ Mark Groteke, CEO Superflo Systems & Technologies https://lnkd.in/gHqy93UU 🎬 Learn More About Load Boards On Automotive Ecosystem https://lnkd.in/g4a6-BFJ ✅ Subscribe To ATI Auto Business https://lnkd.in/gUmQ6U2G 🚀 Contact ATI https://lnkd.in/gDeKVdv8 #automotiveindustry #autotransport #carshipping #carriers #brokers #dealers #shippers #loadboard

Used Class 8 truck price growth expectations pushed further out: … ;  Business   >   Used Class 8 truck price growth expectations pushed further … .S. Classes 3-8 Used Trucks by ACT Research, the used … #truck #trucks #cars

🚗💨 Tire distributors and retailers - how do you gain a competitive edge and keep customers happy? We all know it's challenging to have all the tires and parts in stock when requested by customers. But there are ways to get that specific tire in hand, same day and under 2 hours. Our latest article dives into what it takes to build a powerhouse logistics framework for same-day delivery and win more customers. 🚀 From fleet management and tech upgrades to real-time tracking and reliable partnerships, we’ve got the ultimate guide to turn that urgent request into a satisfied customer—fast. 💥 Check out the blog: https://hubs.ly/Q02NNSWY0 #SameDayDelivery #Logistics #CustomerSatisfaction #Transformation #tires #autoparts #automotive #LastMileDelivery

Mack Trucks' EV-certified dealership network has expanded to 65 locations in the U.S. and Canada, the OEM recently announced. #trucking

Buy or Rent A Semi Truck: Which is better?Many truck drivers dream of possessing their own semi truck but their financial status doesn’t allow them to fully purchase it. Do they have any optimal alternatives? Should truck drivers buy or rent a semi truck? Let’s begin with this article! https://lnkd.in/ggpFCHp8