PacLease Network Adds Eight New Franchises
December 13, 2012
Paccar Leasing recently added eight new franchise locations in six states and one Canadian province.
Steadily increasing costs associated with aging truck equipment have more private fleets looking at full-service leasing as an option to buying new trucks, according to President Neil Vonnahme.
PacLease franchises are opening new locations in Heyburn, Idaho; Loves Park, Ill. Jonesburg, Mo.; Pendleton and Portland, Ore.; Lancaster, Pa.; Charleston, S.C.; Dallas, Texas; and Saint Mathieu-Laprairie, Quebec.
"According to the 2012 National Private Truck Council Benchmarking Survey, 54% of survey respondents reported leasing the majority of their equipment, which is up dramatically compared to results from last year's survey," Vonnahme said. "The same survey also shows that 36% reported owning their equipment, down by more than 6 percentage points over last year."
Vonnahme points out that over the last five years, the survey has shown a growing trend toward leasing. In 2008, the NPTC Benchmark Survey reported a little over 35% of respondents leasing a majority of their equipment. It's been steadily on the rise, he added.
"An increasing number of private fleets are finding their profits being challenged by a flood of higher maintenance costs associated with aging equipment," he said. "They understand that a new truck offers lower maintenance costs, improved fuel economy and greater operational efficiencies, which results in lower operating costs."
PacLease franchises also find that customers are increasingly looking at full-service leasing as a way to acquire popular Kenworth and Peterbilt trucks with comfortable driver features to attract and keep good drivers, he said.