For More Information Contact:
Chris Kemmer
CK Commercial
Vehicle Research
614-459-9369
FOR IMMEDIATE RELEASE
Fleet Sentiment
Buying Index Improves in Q2 2010
Columbus, OH (May 11, 2010) The Q2 2010 FSR Equipment Buying Index as reported by CK Commercial Vehicle Research (www.ckcvr.com) improved 18% from Q1 to a reading of 64.6. The FSR Buying Index is a simple measure of planned buying behavior of for-hire, private and government fleets responding to CKCVR’s Fleet Sentiment quarterly questionnaire. 33.3% of Q2 study participants plan to place orders for power units in the next (3) months with 29.8% planning trailer orders in the same time frame. Fleets responding to the Q2 questionnaire operate in excess of 60,000 medium and heavy duty power units and 120,000 trailers.
“The responses we received in April to all our questions were generally more positive than in January” commented Chris Kemmer of CKCVR “In addition to better equipment purchasing plans, we saw a reduction in the number of parked vehicles reported, improved stated utilization rates and a closer alignment of available freight to haul and fleet capacity. Even the responses to a general “how’s business” question averaged higher than in January. However, there is still much caution being shown especially as it relates to the purchase of new power equipment with 2010 emissions engines.” A complete analysis of responses is reported in the Fleet Sentiment Report (www.ckcvr.com/fleetsentiment) available to subscribers.
CKCVR regularly polls their group of fleet advisors about equipment purchasing, operating and maintenance practices. The quarterly Fleet Sentiment survey includes questions about short and longer term equipment buying plans, preferred OEM, new specs, current fleet capacity vs. freight demand, equipment utilization rates including the percent of parked vehicles, and current industry issues. Beginning in Q1 2010, engine technology choices are reported as well. For more information about the Fleet Sentiment Report or other research conducted by CK Commercial Vehicle Research send an e-mail to chris@ckcvr.com.
CK Commercial Vehicle Research
(CKCVR) is a business of CK Marketing & Communications located in
