2020 Fact Book: Parts & Service [Photos]
The dealer remains the preferred outlet for parts with 49% of aftermarket demand. Compared to 2018, the 2019 distribution channel breakdown did not change at all from the previous year, while overall spending increased by $1.2 billion.
Source: MacKay & Company
Over the last five years, there have been approximately 330 merger and acquisition transactions between U.S.-based companies. M&A volume year-over-year hasremained relatively consistent, with about 60 to 70 transactions per year.
Source: Jefferies Heavy Duty and Specialty Vehicle Market M&A Report
Source: Jefferies Heavy Duty and Specialty Vehicle Market M&A Report
Source: Jefferies Heavy Duty and Specialty Vehicle Market M&A Report
During the first quarter of 2020, five VMRS systems accounted for almost 70% of the total unscheduled roadside repairs tracked by FleetNet and TMC.
Source: TMC/FleetNet Vertical Benchmarking Program Executive Summary Q1 2020
The average cost of mechanical repairs continues to increase, with Q1 costs 30% higher than a year earlier. The inclusion of LTL and tank fleets, which were first included in Q3 of 2019, may have increased the average since they both experience a higher cost of repair than truckload fleets.
Source: TMC/FleetNet Vertical Benchmarking Program Executive Summary Q1 2020
As integrated technology has become more prominent in truck tractors, the cost of maintaining a new truck in 2018 was more expensive than maintaining a new truck in 2008. Increasing diesel technician wages also contribute to rising R&M costs, particularly with advanced technology requiring specialized technicians for maintenance.
Source: American Transportation Research Institute
Source: American Transportation Research Institute
Repair & maintenance (R&M) costs, at 17.1 cents per mile in 2018, have increased 24% since 2012 — a counterintuitive increase given the record sales of new trucks and trailers. From 2012 to 2018, overall motor carrier operational costs have increased more than 11.6% — exceeding the 10.8% inflation rate for that same time period.
Source: American Transportation Research Institute