Commercial Vehicle - FleetSeek · 2019-04-02 · COMMERCIAL VEHICLE REPORT SAMPLE PAGE. 7 / WARDS . CV INTELLIGENCE / 2019 REPORT. T. HE TOTAL POPULATION OF TRUCKS . in commercial

SPECIAL REPORT / 2019

Commercial Vehicle

UTILIZATION REPORTA WARDS INTELLIGENCE REPORT ON U.S. EQUIPMENT

BY BRAND, AGE, VEHICLE SIZE, INDUSTRY AND LOCATION

SAMPLE REPORTThis document features the report’s introductory pages and sample charts with data obscured.

Contact us now to order the full report.

Contents3 OVERVIEW4 TRUCK CLASSIFICATIONS7 U.S. COMMERCIAL VEHICLE UNIVERSE

10 TRUCK USE BY INDUSTRY13 TRUCK POPULATION BY STATE18 SALES HISTORY23 BUYING PLANS SURVEY28 APPENDIX WITH SUPPORTING TABLES

Wards CV Intelligence Commercial Vehicle Utilization Report is © copyright 2019, WardsAuto, a division of Informa. WardsAuto grants purchaser of this edition a nonexclusive, nontransferable limited license for the internal use of the contents on a single personal computer. Licensee is authorized to make one copy of the included files, solely for backup. Any other copying or distribution of the files by licensee, whether internally or externally, is expressly prohibited, under the laws of the United States of America and international treaties. (To seek authorization for other uses of the data, contact WardsAuto.)

WardsAuto believes the information contained in Wards CV Intelligence Commercial Vehicle Utilization Report to be accurate. However, WardsAuto makes no warranty to Licensee express or implied, and there are expressly excluded all warranties of merchantability and fitness for particular purpose. WardsAuto shall have no liability with respect to its obligations regarding this transaction for consequential, exemplary or incidental damages, even if advised of the possibility of such damages.

Acceptance of the digital files included with Wards CV Intelligence Commercial Vehicle Utilization Report constitutes Licensee’s agreement with the provisions outlined above.

This document features the report’s introductory pages and sample charts with data obscured. Contact us now to order the full report.

About This Report

1 / WARDS CV INTELLIGENCE / 2019 REPORT

The FleetSeek 2019 Commercial Vehicle Utilization Report examines industry trends in commercial vehicles as they are utilized on the road today. Much different than production data, the report delves into trucks that are in service today and how that breaks out across various operating categories.

The report considers commercial vehicle utilization across:

n Gross Vehicle Weight Ratingsn Fleet Typen Industryn Geography

In addition, this report:

n Creates detailed profile of the current U.S. trucking population that highlights different uses, requirements and expectations among the broad spectrum of commercial vehicle operations

n Identifies 29.1 million commercial vehicles (CVs) in U.S. by size, use, industry and location

n Compares CV totals by state populations

n Analyzes medium- and heavy-duty sales over recent years, highlighting factors driving sales cycles

n Offers proprietary survey results on fleet buying in 2018 and expectations for 2019

n Provides detailed charts and graphs to support and illustrate analysis of proprietary data

The data in this report is summarized from FleetSeek’s database of trucking operations in North America as well as additional surveys and research performed by the team.

WRITTEN AND RESEARCHED BY: Jim Mele, Wards IntelligenceGarrick Brim, FleetSeek

COMMERCIAL VEHICLE REPORT SAMPLE PAGE


THE TOTAL POPULATION OF TRUCKS in commercial use in 2018 was XX million, a small increase over the XX million vehicles counted in 2017. On a percentage

basis the division between light duty (XX%), medium duty (XX%) and heavy duty (XX%) is unchanged (See Table 1 in Appendix, illustrated in Chart 1 below).

Given strong retail sales numbers across all truck classes in 2018 and solid sales numbers for the past five years, the relative stability of the total truck population might seem puzzling in a slowly but steadily growing economy. However a number of factors that include delayed replacement during the last downturn and labor issues specific to for-hire trucking can account for that seeming disconnect between sales and population, which will be discussed in more detail later in the report.

Light-duty trucks saw most of that modest growth in population, adding XXX,XXX units from 2017. While the vehicle count rose to XX million in 2018, that growth was proportionally small and trucks under XX,XXX-lbs. GVW remain on a rounded basis at XX% of the total CV population. These are pickups and vans identified as commercial vehicles, not those used primarily as passenger vehicles. They are ubiquitous in all communities, providing mobile services for construction businesses, utilities, governments and other essential activities at local and regional levels.

XXXXXXXXXXXX%

XXXXXXXXXXXXXX% XXXXXXXX

XX%

GVW CategoryCHART 1

GVW CATEGORY

Source: FleetSeek data, 2018

CHART 1

FLEET TYPEGVW Category

Heavy DutyXX%

Light DutyXX%

Medium DutyXX%

CHART 1

GVW CATEGORY


For example, many for-hire carriers have separate operations and vehicle fleets assigned to dedicated service for a single customer, such as a major retailer. Are they identified as a trucking business or given a code for their customer’s business, such as wholesale trade? SIC codes require a single primary designation, which often doesn’t reflect real-world business activities in multiple areas of opportunity. Codes can also overlap, leaving two companies in the same business with different SIC assignments. That said, they are still the most well-established standard classifications and therefore the best available indicators of basic industry activity. That makes them well worth exploring in attempting to understand where and how trucks are used in the U.S. A breakdown by industry illustrates the dominance of private fleet truck ownership. The trucking and warehousing category, which is where for-hire fleets in the business of moving freight are classified, is only number three on the Top 10 chart with XX million trucks or XX% of the overall population. In contrast, the top two SIC classifications are wholesale goods businesses that operate over three times as many

CHART 3

TOP 10 INDUSTRY CATEGORIES BY TRUCK COUNT


0

XX

XX

XX

XX

XX

WHOLESALE TRADE - NONDURABLE GOODS X MILLIONWHOLESALE TRADE - DURABLE GOODS XMILLIONTRUCKING & WAREHOUSING XMILLIONSPECIAL TRADE CONTRACTORS XMILLIONELECTRIC, GAS & SANITARY SERVICE X MILLION

HEAVY CONSTRUCTION (except buildings) X MILLIONBUSINESS SERVICES X MILLIONAUTO REPAIR, SERVICES & GARAGES XMILLIONFOOD & KINDRED PRODUCTS XMILLIONOIL & GAS EXTRACTION XXXK

XX M

IL

XX M

IL

XX M

IL

XX M

IL

XX M

IL

XX M

IL

XX M

IL

XX M

IL

XX M

IL

XXX

K




CHART 4

TOP 10 STATES BY VEHICLE COUNTS & CENSUS POPULATION

(TRUCKS/POPULATION) FOR 2018

CA

TXGA

ILOH

PA

NY

NJ

NC

FL

MD

WA

OR

NV

ID

MT

WY

UT

AZ NM

CO

ND

SD

NE

KS

OK

MN

IA

MO

AR

LA

MS AL

TN

KY

WIMI

INWV VA

MA

CTDE

District of Columbia

RI

SC

TEXASXXX,XXX XXX,XXX

CALIFORNIAXXX,XXX

XXX,XXXFLORIDA

XXX,XXXXXX,XXX

GEORGIA XXX,XXX XXX,XXX

N. CAROLINAXXX,XXX

XXX,XXX

ILLINOISXXX,XXX

XXX,XXX

MARYLANDXXX,XXX

XXX,XXX

OHIOXXX,XXX

XXX,XXX

PENNSYLVANIAXXX,XXX XXX,XXX

NEW YORKXXX,XXX

XXX,XXX

COMPARED TO 2017

CA

TXGA

ILOH

PA

NY

NJ

NC

FL

MD

WA

OR

NV

ID

MT

WY

UT

AZ NM

CO

ND

SD

NE

KS

OK

MN

IA

MO

AR

LA

MS AL

TN

KY

WIMI

INWV VA

MA

CTDE


RI

SC

TEXASXXX,XXXXXX,XXX

CALIFORNIAXXX,XXX

XXX,XXX FLORIDAXXX,XXXXXX,XXX

GEORGIAXXX,XXX

XXX,XXX

N. CAROLINAXXX,XXXXXX,XXX

ILLINOISXXX,XXXXXX,XXX

MARYLANDXXX,XXXXXX,XXX

OHIOXXX,XXXXXX,XXX

PENNSYLVANIA XXX,XXX

XXX,XXX

NEW YORKXXX,XXX

XXX,XXX




Going back to Chart 4, nine of the top 10 states with the largest truck counts are the most populous states in the country according to U.S. Census numbers updated for 2018. The one exception is Maryland, number 8 on the CV list but 18th in population. At the top of the CV count by a wide margin, Texas is actually second in population, while the most populous state California is third in terms of trucks headquartered there. In between the two in truck count, Pennsylvania is sixth in overall population.

Washington

Oregon

California

Alaska

Hawaii

Nevada

Idaho

Montana

Wyoming

Utah

Arizona New Mexico

Colorado

North Dakota

South Dakota

Nebraska

Kansas

Oklahoma

Texas

Minnesota

Iowa

Missouri

Arkansas

Louisiana

Mississippi

Alabama Georgia

Tennessee

Kentucky

Illinois

Wisconsin

Michigan

IndianaOhio

WestVirginia

Virginia

Pennsylvania

New York

MaineNew HampshireVermont

Massachusetts

ConnecticutNew JerseyDelaware

Maryland


Rhode Island

SouthCarolina

NorthCarolina

Florida% OF TOTAL CVn > X - X%n X - X%n X - X%n X - X%n X - X%n X - X%n > X%

CHART 5

REGION/STATE VEHICLE COUNT



Base = All respondents that acquired new trucks in 2018; Percentages may reflect multiple answers.

Base = All Respondents.


CLASS X-XXX%

CLASS X-XXX%

QUESTION 1HAVE YOU ACQUIRED ANY NEW TRUCKS IN 2018?

XXXXXXX%

XXXXXXX%

QUESTION 2HAVE YOU ACQUIRED ANY NEW TRUCKS IN 2018?

CLASS X-XXX%


QUESTION 3HOW MANY TRUCKS DID YOU ACQUIRE IN 2018? ALSO, HOW MANY REPLACED OLD/RETIRED TRUCKS

MEAN MEDIANClass 1-2

Total acquired XX XX

Acquired to replace old trucks XX XX

Class 3-6


Acquired to replace old trucks XX XX

Class 7-8


Acquired to replace old trucks XX XXBase = All repondents that acquired new trucks within each size category.

0 UNITS 1-5 UNITS 6-10 UNITS 11-15 UNITS 16-20 UNITS 21-50 UNITS 51-100 UNITSMORE THAN

100 UNITSClass 1-2

Total acquired X% X% X % X% X% X% X% X%

Acquired to replace old trucks X% X% X% X% X% X% X% X%

Class 3-6

Total acquired X% X% X% X % X% X% X% X%

Acquired to replace old trucks X% X% X% X% X% X% X% X%

Class 7-8

Total acquired X% X% X% X% X% X% X% X%

Acquired to replace old trucks X% X% X% X% X% X% X% X%Base = All repondents that acquired new trucks within each size category.

DISTRIBUTION OF TRUCKS PURCHASED IN 2018:



MEAN MEDIANClass 1-2

Total planned XX XX

Planned to replace old trucks XX XX

Class 3-6

Total planned XX XX

Planned to replace old trucks XX XX

Class 7-8

Total planned XX XX

Planned to replace old trucks XX XXBase = All repondents that acquired new trucks within each size category.

0 UNITS 1-5 UNITS 6-10 UNITS 11-15 UNITS 16-20 UNITS 21-50 UNITS 51-100 UNITSMORE THAN

100 UNITSClass 1-2

Total planned XX% XX% XX% XX% XX% XX% XX% XX% Planned to replace old trucks XX% XX% XX% XX% XX% XX% XX% XX%

Class 3-6

Total planned XX% XX% XX% XX% XX% XX% XX% XX%

Planned to replace old trucks XX% XX% XX% XX% XX% XX% XX% XX%

Class 7-8

Total planned XX% XX% XX% XX% XX% XX% XX% XX%

Planned to replace old trucks XX% XX% XX% XX% XX% XX% XX% XX%Base = All repondents that acquired new trucks within each size category.

DISTRIBUTION OF TRUCKS PLANNED TO PURCHASED IN 2019:

QUESTION 6 HOW MANY TRUCKS WILL YOU ACQUIRE IN 2019? ALSO, HOW MANY WILL REPLACE OLD/RETIRED TRUCKS?


Appendix SAMPLE PAGES


XXXXXXXXXXXX%

XXXXXXXXXXXXXX% XXXXXXXX

XX%

GVW CategoryTABLE 1

FLEET TYPE


GVW Category

XXXXX DutyXX%

XXXXX DutyXX%

XXXXX DutyXX%

XXXXXXXXXXXXXXX%

XXXXXXXXXXXXX%

XXXXXXXXXXXXXXX%

Fleet TypeTABLE 2

FLEET TYPE


TABLE 1

GVW CATEGORY



STATE COUNT PERCENTAGETexas XXXXXXXX XX%Pennsylvania XXXXXXXX XX%California XXXXXXXX XX%Florida XXXXXXXX XX%Illinois XXXXXXXX XX%New York XXXXXXXX XX%Georgia XXXXXXXX XX%North Carolina XXXXXXXX XX%Ohio XXXXXXXX XX%Maryland XXXXXXXX XX%New Jersey XXXXXXXX XX%Missouri XXXXXXXX XX%Tennessee XXXXXXXX XX%Minnesota XXXXXXXX XX%Michigan XXXXXXXX XX%Washington XXXXXXXX XX%Wisconsin XXXXXXXX XX%Virginia XXXXXXXX XX%Arkansas XXXXXXXX XX%Indiana XXXXXXX XX%Alabama XXXXXXXX XX%Iowa XXXXXXXX XX%Massachusetts XXXXXXXX XX%Oklahoma XXXXXXX XX%Colorado XXXXXXXX XX%Kentucky XXXXXXXX XX%Arizona XXXXXXXX XX%Louisiana XXXXXXXX XX%Kansas XXXXXXXX XX%South Carolina XXXXXXXX XX%Utah XXXXXXXX XX%Mississippi XXXXXXXX XX%Connecticut XXXXXXXX XX%Nebraska XXXXXXXX XX%Oregon XXXXXXX XX%West Virginia XXXXXXX XX%Maine XXXXXXX XX%Idaho XXXXXXXX XX%New Hampshire XXXXXXXX XX%New Mexico XXXXXXXX

XXXXXXXX XX%

North Dakota XX%Delaware XXXXXXXX XX%Montana XXXXXXXX XX%South Dakota XXXXXX XX%Nevada XXXXXXX XX%Alaska XXXXXX XX%Rhode Island XXXXXXX XX%Vermont XXXXXXX XX%Wyoming XXXXXX XX%Hawaii XXXXXX XX%District of Columbia XXXXXX XX%Total XXXXXXXX

TABLE 4




Washington

Oregon

California

Alaska

Hawaii

Nevada

Idaho

Montana

Wyoming

Utah

Arizona New Mexico

Colorado

North Dakota

South Dakota

Nebraska

Kansas

Oklahoma

Texas

Minnesota

Iowa

Missouri

Arkansas

Louisiana

Mississippi

Alabama Georgia

Tennessee

Kentucky

Illinois

Wisconsin

Michigan

IndianaOhio

WestVirginia

Virginia

Pennsylvania

New York

MaineNew HampshireVermont

Massachusetts

ConnecticutNew JerseyDelaware

Maryland


Rhode Island

SouthCarolina

NorthCarolina

Florida% OF TOTAL CVn > X%n X%n X%n X%n X%n X %n > X%

TABLE 5



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Commercial Vehicle - FleetSeek · 2019-04-02 · COMMERCIAL VEHICLE REPORT SAMPLE PAGE. 7 / WARDS . CV INTELLIGENCE / 2019 REPORT. T. HE TOTAL POPULATION OF TRUCKS . in commercial