We recap a great CVSN Summit in this week’s roundup, looking at what’s next for Right to Repair legislation, tariffs and their increasing importance on Federal government revenue, how emerging technology will eventually drive changes to aftermarket products and demand and the organization’s many award programs. We also touch on used truck pricing, the discrepancy in EV pricing across the Atlantic and keep up on our profiles of our dealer award program finalists.
Lucas: Hi everybody. Lucas here back in the office after a great week at the CVSN Summit in Washington, D.C. What a great event this year.
We’ll start with Congressman Neil Dunn (R-Fla.), who was on-site at CVSN’s Summit talking about the Repair Act and what it will take for the aftermarket and trucking industry to push that bill through Congress to make it a law. Also, Philips’ R&D expert, Dan Forthoffer was on-site talking about new and emerging technologies in the trucking industry and what the aftermarket can expect for new product categories and product demand moving forward. Really great stuff from Dan.
Also, Brian Wild from NAW was on-site giving the keynote address Tuesday, discussing the sort of the political climate in Washington and what to expect from Congress and President Trump moving forward. Brian said on the Congressional side, he doesn’t expect a lot. The budget is due by the end of September. He thinks that will be pushed back and extended before that’s finally finalized. He says the Defense bill will be pushed through by the end of the year because that’s always the one bill that gets pushed through. So legislators who want to get their bills through by the end of the year will try to affix them to the Defense bill.
Brian also spent a lot of time talking about tariffs and how — whether we like them or not — they’re going to be become part of the economic landscape of the country moving forward, because we’re going to become increasingly reliant on the revenue. Brian says studies indicate the tariffs will bring $300 billion into the U.S. government this year and could rise to as much as $4 trillion in the next 10 years. Brian says that’s money that once the government gets it into the budget and has it earmarked for something, they’re not going want to get rid of it. So whether or not it’s President Trump or somebody else many years down the line, we can expect tariffs will continue in some form or fashion for some time.
Also, this week we had a really good story on used truck pricing and demand; what to expect for the market over the last three and a half months of the year. So check that out.
We had a story on The Larson Group, TLG Trucks, for our Successful Dealer Award. We had a story on Vernon Gene’s for our Trailblazer Award. We had some other good stuff on market analysis and updates. We had a story on EVs and why EV prices are falling in Europe, but they’re rising in the U.S. and what that means for demand in our country moving forward.
So check out all those stories. They’re on the website; they’re in the newsletter. Make sure you like and subscribe. This video feeds. You can get it every week.
Thank you so much for listening. Have a great weekend. We will see you next week. Thanks everybody. Bye.
