“Will Prices Ever Come Down?”

Despite a rocky 2022, the 2023 fleet truck market saw a rebound in inventory and continued strong demand. While electrification conversations buzzed, adoption remained niche, and new vehicle prices rose due to the lingering effects of prior shortages. Used car prices in both retail and commercial industries initially soared but then stabilized. Looking ahead to 2024, solid business growth promises consistent fleet truck demand, with alternative fuels like hydrogen and propane joining the electric conversation. Dealerships need to adapt to better serve fleet needs, and continued advancements in EV technology have the potential to further shape the market.