Equipment buying index
rises in 2nd quarter of 2009
May 14, 2009 1:58 PM
CK Commercial Vehicle Research (CKCVR), Columbus OH, reports that their Fleet Equipment Buying Index for the second quarter of 2009 improved to 93.3 from 75.8 in the first quarter.
In April 2009, 48% of respondents planned to place orders for power units in the next three months and 38% planned to place orders for trailers in that time period. In the previous quarter 44% planned power unit purchases and only 30% planned to buy trailers.
While there was an increase in the number of respondents who planned to place equipment orders, the size of those orders remain weak.
The index is a measure of planned buying behavior of for-hire, private, and government fleets over the next three months. A lower reading indicates that fewer fleets are planning to purchase equipment while a higher reading indicates that more are planning to purchase equipment.
CKCVR regularly polls a group of fleet operators about their equipment purchasing and maintenance practices.
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