There has been more buying and selling activity of new and used heavy-duty trucks since the COVID-19 pandemic. According to the latest report from ACT Research, “unforeseen robustness of the perfect storm of positives into late spring and summer, following the initial shock of COVID-19 shutdowns and other mitigation efforts, has resulted in sharp upgrades in commercial vehicle expectations since May.” Amplifying this further, more companies are looking to replace aging trucks earlier in their life cycle to realize greater cost savings, newer equipment offers in reduced fuel, improved maintenance and safety expenses, as well as lower emissions output.

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