Work Truck Solutions has released its 2023 Annual Commercial Vehicle Market Analysis. Amid the dramatic shifts in inventory numbers, one element of the commentary has remained consistent: business owners continue to need and purchase commercial vehicles no matter the circumstances around them.
On-lot per dealer work truck inventory continued to grow, up 20.0% QoQ and a whopping 87.4% YoY, with Medium-Duty vehicles making up over half of the on-lot mix.
Work trucks and vans also carried higher price tags than last year, and total sales of new commercial vehicles increased significantly.
