As chassis availability continues to improve, fleet demand growth will likely continue to decelerate in the first half of 2024 before stabilizing and recovering in the second half.
New Commercial Vehicle Prices Rose 6.5% in 2023
Work Truck Solutions' annual review of 2023 data shows that while commercial vehicle inventory levels outpaced growth in 2023, work trucks and vans carried higher price tags - signaling that demand is still strong.