Trends in Trucking – How They Affect Maintenance Plans
If you aren’t aware of the latest trends in trucking and how they affect your maintenance plans, you could be in for an expensive surprise. Commercial truck and trailer sales have soared since March of 2020. The value of new and used vehicles continues to rise, making keeping your commercial truck roadworthy more important than ever.
Commercial Truck Production Slowdowns and Parts Scarcity
Shortages in parts have stalled production, resulting in supply and demand imbalances. Long wait times for new vehicles continue to drive up truck values. This trend shows no signs of slowing. Market experts expect it to continue, with ongoing supply chain issues leaving trucks sitting partially built inside manufacturing facilities. Vendors and customers await delivery, impatient due to extended production delays and shortages.
Higher than Normal Commercial Truck Sales Orders
Fleets and commercial truck sales centers want to add to their stock but cannot get new trucks fast enough. To secure inventory, commercial truck manufacturers and retailers are now ordering commercial truck parts at higher rates. With orders continuing at this pace, the supply chain will not be able to meet the demand for months – or longer.
Used Commercial Truck Market Tightens
The situation with new truck production also affects the availability and cost of used vehicles – particularly low mileage ones. Whether you’re looking to buy a new or used commercial truck, there simply aren’t enough vehicles to meet demand. Prices of used trucks are also surging as supply remains scarce. The average price of used vehicles in 2021 rose nearly 20% over 2020. As the year progresses, you can expect higher prices and year-over-year increases to continue.
Commercial Truck Maintenance Key to Keeping Existing Vehicles on the Road
Continued demand makes commercial truck and trailer maintenance more important than ever to keep your commercial vehicle rolling through supply chain shortages. Diamond Mitsubishi is here to help you keep your truck on the road, providing quality, lasting maintenance, and repairs at an affordable price. We offer fleet trailer maintenance for all major brands of vehicles. Our service department has you covered, from routine maintenance like oil changes and tire care to in-depth diagnostics on trailer electronics and major drivetrain repairs.
Keep up with changing trends in trucking, ensuring you have a commercial vehicle maintenance plan that will get you through the long haul with help from Diamond Mitsubishi Fuso. Visit our conveniently located San Jose service center, just a short drive from Santa Clara, Milpitas (just off 101 and 680), Mountain View, Morgan Hill, Gilroy, Sunnyvale, and Fremont. Contact us at 408-263-7300 to schedule commercial truck service and maintenance today.