1、2022ANNUAL FINANCIAL PROFILE OF AMERICAS FRANCHISED NEW-TRUCK DEALERSHIPSATD DATA 2022|atd.org 1 OverviewATD Dataour annual financial profile of new-truck dealershipspresents an overview of franchised new medium-and heavy-duty truck dealerships in 2022.Some highlights:Franchised truck dealers sold 4
2、76,040 medium-and heavy-duty trucks in 2022.Total new-truck dealership sales topped$117 billion.Truck dealerships employed more than 133,000 people.Truck dealerships wrote more than 10 million repair orders,with over$41 billion in service and parts sales.Commercial truck sales increased in 2022,desp
3、ite the industry experiencing significant supply-chain issues throughout the year.Class 8 truck sales,which rose by 14.6%in 2022,boosted total commercial truck sales by 3.1%for the year.Still,many dealers were not able to meet customer demand,because the OEMs could not build enough trucks.This led c
4、ustomers to look for equipment in the used-truck market,where used Class 8 truck values peaked in the first half of 2022breaking the$100,000 ceiling for the first time.Used-truck prices have declined steadily since then but remain above pre-pandemic levels.Even though the industry has not completely
5、 moved past the microchip shortage,we believe that the worst is over as far as truck production is concerned.Pent-up demand from customers who were not able to buy new trucks in 2022 will help bolster 2023 sales.Another issue for the industry throughout 2022 was rising interest rates.We expect finan
6、cing rates to climb higher in first-half 2023 and lending standards to tighten a bit,which will be additional headwinds for new-truck sales in 2023.Despite these challenges,we expect commercial truck sales this year will be up slightly from 2022 and that 2023 should be another great year for America