To get a more complete picture of the trade cycle strategies, when those fleets that lease the majority of their equipment were removed, the trade cycles lengthened slightly to 6.8 years (exactly the same as last year’s reported average and up from the previous year’s 6.75 years. Equipment turns averaged 649,000, down from the 665,000 miles reported last year and down from 681,200 miles for this same class of vehicle reported two years ago. For comparison purposes, in 2015, trade cycles for this same class averaged 8.74 years and 717,000 miles reported last year. Even those fleets that lease the majority of their equipment report extending the trade cycle out to 5.5 years and 580,000 miles.
Source: National Private Truck Council
To get a more complete picture of the trade cycle strategies, when those fleets that lease the majority of their equipment were removed, the trade cycles lengthened slightly to 6.8 years (exactly the same as last year’s reported average and up from the previous year’s 6.75 years. Equipment turns averaged 649,000, down from the 665,000 miles reported last year and down from 681,200 miles for this same class of vehicle reported two years ago. For comparison purposes, in 2015, trade cycles for this same class averaged 8.74 years and 717,000 miles reported last year. Even those fleets that lease the majority of their equipment report extending the trade cycle out to 5.5 years and 580,000 miles.
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