How Truck Sales are Helping the United States Economy
It is no secret that the United States has been facing an uphill battle regarding the economy and the catastrophic debt. However, and not surprisingly, the United States is riding the trucking industry through this uphill battle, as truckers continue to help the economy get back on track.
Truckers have always known that they play a crucial role in helping the economy move in the right direction. The American Trucking Association found that truckers are responsible for moving 70% of the nation’s freight. However, it is becoming even more evident how important the trucking industry is to the state of the economy. The Bureau of Transportation Statistics says that more than $1 out of every $10 produced in the U.S. GDP is related to transportation activity. This is astounding.
As of recently, the trucking industry has seen a historical rise in trucking sales. Semi truck sales encountered a two-year slump and a 20-month shrink of truck orders, however the future is looking brighter and brighter for trucking. Back in July, Class 8 trucks experienced an 81-percent preliminary net order increase in just one month, which is the most in nearly three years. In September, Class 8 truck builds experienced a two-year high, according to Americas Commercial Transportation (ACT) Research. Even this past October, trucking orders tripled from just a year ago, increasing from 13,674 to 35,700.
You may be wondering why there is a sudden emergence of trucking sales. There is a direct correlation that is related to the rise in trucking orders: The U.S. economy. The United States is facing a $20,000,000,000 hole currently, but there are signs of life for the future well-being of the economy.
“The North America economy is picking up,” said Bloomberg Intelligence analyst Karen Ubelhart. “Truck orders are a pretty good indicator.”
Another indicator of how well the economy is doing is due to a company’s truck utilization, or the measurement of how many of their trucks they are using at a certain time. Currently, that percentage is at 99 percent, meaning they are nearly being used all the time to keep up with delivery rates. Deliveries have picked up mostly because of a surge in the housing and construction market, but also due to an increase in consumer purchases. Therefore, the Class 8 Truck market has been in high-demand recently.
How can you help?
All of this information may leave you asking yourself “Well, why does this matter to me?”
This is where we step in.
Fleet Trailer is now purchasing new and used semi trucks from everyone. We are interested in Class 8 Trucks, meaning day cabs, sleepers, over-the-road, cartage or others you think we may be interested in. The average used semi truck goes for $15,000 to $100,000, which means you could be getting a nice paycheck for something you may not even be using anymore. Not only that, but you could help keep the economy moving in a positive direction by allowing us to purchase it from you.
According to research provided by the Diesel Technology Forum, in 2009, “Sales of equipment needed to move freight and complete projects along with the workforce required to maintain and repair engines, vehicles and equipment were responsible for generating almost 800,000 jobs and $120 billion.” That means the better the economy becomes; the more trucks and truckers will be needed. With selling us your truck, you can get some good money back while also helping facilitate more jobs and purchases.