The Shifting Market for Truck and Trailer Service 2007 Update Study
In 2003, MacKay & Company completed the first update of its comprehensive 1997 study of the medium and heavy duty truck and trailer service market.
From MacKay & Company's perspective, there are a number of major reasons that the 2003 study needs to be updated in 2007. Primary among these are:
The number of Class 8 trucks and trailers in operation has increased by 269,000 and 192,000 since 2003 driven, in particular, by three strong new vehicle production years.
Vehicle utilization has remained at record levels for several quarters for all important vocations of Class 8 equipment and trailers.
There have also been a number of important acquisitions and consolidations in the two largest vocational groups - for-hire carriers and lease/rental firms - since the last update was completed.
An estimated 750,000 Class 8 trucks with 2003 engines have been produced since the last study and are currently in operation.
All truck manufacturers have moved to streamline and consolidate their distribution systems - while encouraging the remaining dealers to expand their service reach.
Repair and replacement frequencies for many truck components have continued to improve since 2003 - and reflect dramatic improvements from 1997.
Probably more important than any of the above issues is MacKay & Company's new ability to segregate each of the primary service labor activities not only by vehicle vocation and weight class group - but by the new truck owner versus the used truck owner!
For more information on the products and to obtain pricing, please contact:
John Blodgett, sales & marketing manager, at 630-916-6110 or email .