CK Commercial Vehicle Research's Fleet Equipment Buying Index for Q2 2009 improved to 93.3 from 75.8 in the first quarter.
The index is a simple measure of planned buying behavior of for-hire, private and government fleets over the next three months. A lower reading indicates that fewer fleets are planning to purchase equipment while a higher reading indicates that more are planning to purchase equipment.
CKCVR regularly polls a group of fleet operators about their equipment purchasing and maintenance practices. In April 2009, 48 percent of respondents planned to place orders for power units in the next three months and 38 percent planned to place orders for trailers in that time period. In the previous quarter 44 percent planned power unit purchases and only 30 percent planned to buy trailers.
While there was an increase in the number of respondents who planned to place equipment orders, the size of those orders remain weak.
CK Commercial Vehicle Research is a business of CK Marketing & Communications located in Columbus, Ohio. CKCVR surveys fleet advisors representing a mix of large, medium and small for-hire, private and government fleet operations.
CKCVR Q2 09 Fleet Equipment Buying Index Improves from Previous Quarter
CK Commercial Vehicle Research's Fleet Equipment Buying Index for Q2 2009 improved to 93.3 from 75.8 in the first quarter
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