Work Truck Solutions recently released its analysis of the 2022 commercial vehicle market.
Work Truck Solutions says data for commercial vehicle sales compiled for 2022 confirmed much of what the company anticipated, along with a few positive surprises. Average prices, availability, mileage, and days to turn (DTT) confirmed what was expected; the story of a supply chain devastated by a global pandemic. The silver lining is a slow but steady recovery marked by four quarters of positive trends.
The first quarter of 2022 may have been the turning point in the health of the automotive supply chain, and the outlook for the coming year is for continued recovery, although likely at a slow pace as there are still supply chain hurdles to overcome.
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Work Truck Solutions says availability of new vehicle inventory is, of course, a prime concern for dealers and business owners alike:
When examining used work trucks and vans, the company reports there were a couple of key takeaways:
Additionally, Work Truck Solutions says reviewing days to turn (DTT) data revealed intriguing points:
