Across the country, students are returning to school (or virtual classrooms) to learn new things. And for those who are in the market for a new commercial vehicle, it’s time to go back to school too. There’s plenty to review about purchasing best practices, and now there’s a new subject: buying during COVID-19. So, before you purchase your next vehicle, hit the road with Commercial Truck Trader’s ABCs of Buying a Commercial Vehicle During a Pandemic:Continue reading “Back to School: Buying a Commercial Vehicle During a Pandemic (Infographic)”
Success in commercial vehicle sales often comes down to small actions that place your dealership just ahead of the competition. Yet while the actions are small, the return in sales can be huge, which is why I refer to this principle as “the magnifier effect”. To think about it another way – consider a horse race where the lead horse only wins by a nose, but the prize money for 1st place is 10X what the runner-up receives. That is the power of the magnifier effect and why we are breaking down 6 Tips for Taking the Lead in Commercial Sales:Continue reading “6 Tips for Taking the Lead in Commercial Sales”
Were you part of the largest automotive industry event of 2016? Commercial Truck Trader sure was! Over a 4-day span, 16,500 car and truck dealers and 32,500 franchises (both domestic and international) descended upon the 2-million square foot Las Vegas Convention Center for an action-packed automotive extravaganza! The National Automobile Dealers’ AssociationConvention and Expo – or NADA as it is known – is a massive, annual event for unveiling the industry’s latest technologies. It’s also a great opportunity to network and collaborate with current and prospective customers, as well as industry professionals. It’s a wild time and since it’s in Las Vegas, you never know when a showgirl or acrobat will come strolling down the aisle!
To ensure that Commercial Truck Trader could go toe-to-toe with other industry leaders we started planning in months in advance, which included reserving a prime booth location in the Central Hall next to our sister company, Dominion Dealer Solutions. And to top it off we designed an impressive 20×20 custom booth complete with a prodigious hanging sign and 4 demo stations with 46” HDTVs. To compliment this fantastic booth, fourteen Commercial Truck Trader team members from all over the United States came together for this spectacular event to showcase our products and highlight our brand.
The Commercial Truck Trader booth was buzzing with activities including live demos, fun giveaways and product experts providing individual consultations tailored to the customer’s business needs. Social Media followers were even able to stay connected with us on Facebook and Twitter during our NADA-takeover. It was exhausting. It was exhilarating. It was certainly an experience and ultimately, Sin City was a huge success!
Stay connected with us so you can visit Commercial Truck Trader at NADA 2017, which will be hosted down south in The Big Easy!
Odyne Systems LLC receives the 2014 Governor’s New Product Award. On June 4, 2015, the leader in medium- and heavy-duty trucks was provided the award by the Wisconsin Society of Professional Engineers, whose mission is to “support the ethical practice of Professional Engineering.”
The Best of State, First Place award in the small employment category was granted to Odyne in recognition of the company’s excellent development of its Plug-in Hybrid System for Medium and Heavy Duty Trucks and economic contributions to the state through engineering innovations. Back in January, the company was also featured in 2015 Ford Alternative Fuel Buyers Guide.
These innovations include plug-in hybrid electric systems that can reduce fuel consumption by up to 50%, improve acceleration, lower emissions, and provides for quieter operations at the work site. Additionally, the company can provide both heat and air conditioning to the cab without loafing the engine and waives the need for generators thanks to their large battery and exportable power systems.
John Petras, VP of Engineering and Principle Investigator Odyne Systems, LLC expressed his excitement stating, “Our team has a passion for innovation and delivery of reliable, advanced hybrid system solutions. This award reminds us of the daily contribution that our engineering team makes to support energy independence efforts and environmental initiatives.”
On a day-to-day, Odyne Systems, LLC stands as the leading manufacturer of hybrid systems for medium- and heavy-duty trucks. Their advanced plug-in hybrid technology allows trucks over 14,000 pounds to have substantially lower emissions, improved performance, quieter job site operation, lower fuel consumption and reduced operating and maintenance costs.
Odyne has fielded more plug-in hybrid systems for large trucks throughout the United States than any other supplier. Their systems are modular and are integrated to powertrains during the new vehicle manufacturing process or are retrofit to existing truck chassis in various applications, providing flexibility to achieve your Green Fleet. The systems are sold and serviced through a worldwide distribution network including Altec and Terex Utilities.
Multiple observations illustrate the chicken-egg scenario for both buyers and consumers are hesitant to shift that direction without assurance of the long-term value. According to Chris Visser, senior analyst, “production needs to ramp up for price to come down, but until price comes down demand won’t increase.”
Perhaps the other major factor contributing to the low demand for natural gas is the low price of diesel. Thanks to fracking, the US is now the world’s largest producer of crude oil; a trend that will likely stand until the 2030’s. Despite the US also being the world’s largest producer of natural gas, the low price of natural gas alone is not adequate enough to make the math work out for most trucking operations.
Visser believes there is one factor that could rekindle interest in natural gas stating, “There’s a moderately good chance that the Commerce Department will relax export restrictions on domestic crude.”
For now, analysts will examine the few used natural gas trucks entering the secondary market, which they predict will penetrate 15-20% by 2020.
NADA has assured that it will continue to closely monitor our incoming sales data from Manheim, ADESA, regional auctions, individual dealers, dealer groups, and OEM’s for sales of NG trucks. For more info and the full 2015 May Guidelines report from ATD/NADA Official Commercial Truck Guide, visit http://www.nada.com/b2b.