WTS: Slowly Increasing Inventory and Continued Demand Fuel Commercial Vehicle Industry

Steady Predictable Trends a Welcome Phenomenon in Light of Tumultuous History Chico, CA, April 18, 2023 (GLOBE NEWSWIRE) — Work Truck Solutions┬«, the leading authority on commercial vehicles, today released their Q1, 2023 Commercial Vehicle Market Analysis. The slow but steady increase of inventory available from OEMs is affecting commercial vehicle sales in predictable ways. Inventory Prices The median mileage of used work trucks and vans maintained its upward arc, with increases of 6.3% QoQ and 11.6% YoY. Although the combination of higher mileage and more available new vehicles is influencing the decrease in...