Fleet Equipment Buying Index declines further in Q109

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CK Commercial Vehicle Research reported Monday, Feb. 2, that its Fleet Equipment Buying Index (www.ckcvr.com/FSRBuyingIndex.pdf) for Q1 2009 declined 9 percent from Q4 2008 to a reading of 75.8 (Q1 2008 = 100). CKCVR says the index is a simple 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 — which regularly polls a group of fleet operators about their equipment purchasing and maintenance practices — says that in January 2009, 44 percent of respondents planned to place orders for power units in the next three months, and only 30 percent planned to place orders for trailers in that time period. In addition to those fleets that have no immediate plans to place orders for equipment, a number plan to sit on the sidelines throughout 2009, according to CKCVR.

Complete survey results are reported in the Q1 2009 Fleet Sentiment Report (www.ckcvr.com/fleetsentiment.html) , a quarterly report of CK Commercial Vehicle Research, a business of CK Marketing & Communications located in Columbus, Ohio.