Page 4 - Newcom

Inside the Numbers with Lou Smyrlis
Showroom Bound
Surging economy has owner-operators in a buying mood
Canada’s owner-operators, tempered by an anemic economic recovery, had long put off purchasing new heavy duty trucks. More than a third are on truck replacement cycles that are 10 years or longer. But the much improved economic picture has owner-operators once again thinking about purchasing new. Our latest annual Equipment Buying Trends Survey reveals that 38% of Canada’s owner-operators are looking to be behind the wheel of a new truck in 2019.
Follow Lou on Twitter @LouSmyrlis.
Truck replacement plans for 2019
2-3 years
10 years or more
34%
of respondents
8%
17%
6-7 years
Trade in cycle for heavy duty vehicles
Truck replacement plans for remainder of 2018
27%
of respondents
Brand of HD vehicle operating
11%
30%
62%
73%
4-5 years
8-9 years
Long haul
Regional
38%
of respondents
Types of haul engaged in
Brand of HD vehicle most likely to consider purchasing
Freightliner
23% of respondents
International
13%
Kenworth
27%
Mack
5%
Peterbilt
14%
Volvo
13%
Western Star
2%
Other/NA
3%
Freightliner
22% of respondents
International
2%
Kenworth
33%
Mack
5%
Peterbilt
13%
Volvo
13%
Western Star
2%
Don’t know/NA
13%
Other
6%
5%
12%
8%
42%
of respondents
27%
Forestry
onstruction
Urban
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4 Truck News • November 2018
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