Study unveils insight into truck procurement, disposal strategies
The majority of survey respondents (37%) said they dispose of used equipment through trade-in, followed by wholesale (33%).
Fleet Advantage, Fort Lauderdale, Fla., released the second part of its annual benchmarking survey, with topics on procurement and disposal of Class-8 heavy-duty trucks for private fleet and for-hire carriers.
According to the survey, the same number of respondents said they pay for their trucks through cash purchase (34%) as finance through leasing (34%). Equipment acquisition strategies have become a larger area of focus recently, especially with more private fleets and for-hire carriers replacing aging trucks to meet the demand of the economy.