Survey shows shift to adoption of shorter asset lifecycles

A survey has shown a shift to adoption of shorter asset lifecycles. More fleets are acquiring brand new trucks by leasing and shortening their asset lifecyles before replacement. This is compared to the previous years data which showed an average lifecycle of seven years. 22 percent of fleet respondents said that they were operating their trucks on a 3 to 5 year lifecycle in 2015.

Key Takeaways:

• Survey shows shift to adoption of shorter asset lifecycles Another finding is a rise in leasing new equipment. MARCH 10, 2017 0 Tweet Share Among the takeaways from Fleet Advantage’s latest Annual Industry Pulse Survey, is more fleets are acquiring new trucks by leasing and shortening their asset lifecycles before replacement – as compared to the previous year’s data of an average lifecycle of seven years.
• In 2015, 22 percent of fleet respondents said they were operating their trucks on a three- to five-year lifecycle. This increased to 44 percent in 2016.
• In 2015, 22 percent of the fleets traded in old equipment; 40 percent in 2016, survey data showed. Wholesaling also increased, from 28 percent to 38 percent.

“More fleets are acquiring new trucks by leasing and shortening their asset lifecycles before replacement – as compared to the previous year’s data of an average lifecycle of seven years.”

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