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Trucking Industry Trends: What You Need to Know
Episode 1016th May 2023 • The Podcast • Zach Ellis
00:00:00 00:21:03

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On this episode of Podcast, Zach Ellis is back discussing what's happening in the transportation and trucking industry, and what's most important for those to know who are trying to thrive during uncertain times.

Zach dives into the increase in the use of electric vehicles (EVs) in the trucking space and informs listeners that six major manufacturers are already offering heavy-duty EVs.  He also provides insights into JD Power's report on the commercial vehicle market. The report states that used truck sales increased in March 2023 due to the difficulty in getting new trucks last year, which drove up new truck prices. Retail trucks from dealerships sold for an average of $76,102 in March 2023, with around 455,000 miles.

Finally, Zach mentions that there is a vast inventory of used sleeper trucks with higher-than-normal mileage, making it an "800-pound gorilla" in the used truck market.

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