Emission standards driving truck costs
The increasing challenge of meeting new emissions-related regulations in California is driving owner-operators out of business and skewing market values for used trucks, said panelists at an industry conference Thursday.
“These emissions requirements from 2007 have been very egregious, very large,” Mark Sturdevant, an emissions specialist who works in sales with Velocity Vehicle Group told our sister site, CCJ. He and Robert Tennies, truck sales consultant for Western Truck Parts & Equipment, were on a panel at the Fleet Executive Conference in Last Vegas moderated by Chris Shimoda, manager of environmental policy for the California Trucking Association.
Truck prices have risen largely because of emissions-related technology and the cumulative effect of that technology – along with other factors – has added almost $30,000 to the price of a new truck since 2007, Sturdevant said. Consequently, it’s not unusual for a new truck to cost $135,000 to $140,000.
Many owner-operators have planned on retrofitting as a solution, only to be disappointed that the condition of their equipment made it infeasible. For that reason, Sturdevant said, his company declines 70 percent of customer requests for retrofits.
For a full recap from the panel discussion, click here.