You may not know this but right now we are living in the age of classic trucks. According to Business Week the U.S. truck fleet is the oldest it has ever been since they year of 1980. A majority of the fleet is comprised of trucks built prior to 2007 when tougher emission standards spurred buyers to stock up on power units. Most of these trucks now have over 500,000 miles on the odometer which places them in the territory for costly repairs, nearly 5 to 7 times more per mile than a truck with less than 200k.
If you’re in the market for a new truck now is the time to place your name on the list. The average industry back log is around five to six months but expected to increase to seven fairly soon.
Source: Business Week