NTEA – The Association for the Work Truck Industry has published its 11th annual Fleet Purchasing Outlook to assess commercial vehicle procurement plans and identify work truck industry patterns.
These insights provided by fleet professionals offer perspectives on how the market is changing over time in terms of size, growth rate, and technology.
The 2023 report findings showcase:
- Average vehicle age and replacement cycles;
- Projected change in fleet size;
- Acquisition plans and funding;
- Anticipated vehicle platform shifts;
- Technology implementations;
- Commercial vehicle systems electrification;
- Safety and automation options;
- Commercial vehicle maintenance approaches;
- Lead time considerations.
Established in 1964, the NTEA represents over 2,000 companies that manufacture, distribute, install, sell, and repair commercial trucks, truck bodies, truck equipment, trailers, and accessories. Buyers of work trucks and the major commercial truck chassis manufacturers also belong to NTEA. The Association provides in-depth technical information, education, and member programs and services, and produces Work Truck Week, Green Truck Summit, Commercial Vehicle Upfitting Summit, and Executive Leadership Summit. The Association maintains its administrative headquarters in suburban Detroit and government relations offices in Washington, DC, and Ottawa, Ontario, Canada.
The 2023 Fleet Purchasing Outlook is a free 20-page report download available to all NTEA members. Non-members can purchase for $199.
Click HERE to download it.