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Sunday, October 27, 2013
Friday, October 25, 2013
Used Trucks Demand and Supply Has Increased Highly Due to Recession
Recession is the financial state which not only put brakes on the
financial growth but also breaks the backbones of the people and entire
economy by minimizing the money rotation in the markets. The automotive
industry is the worst hot of this Recession that has affected after so
many years. There are many of the impacts of Recession seen on the
people. One of the most highlighted and commonly seen impacts is
lowering the purchasing power. The purchasing power of the automotive
buyers is weakened quite tremendously and so is in the truck buyers. The
increasing demands and sale of used trucks is the prime proof of
explaining these terms. There are several more of the reasons that have
enhanced the used trucks for sale business. Here are some of them
revealed.
* Used trucks are economical
The economical impact of used trucks is quite aggressive. The used Vehicle are offered at quite reasonable prices and also are offering quite similar services that any of the new trucks are offering. The Vehicle transporters are benefited mainly by this feature and factor as with lower investment, the truck owners can earn more of the revenue. There are many of the truck models which can become quite useful to the truck owners. The used Pickup trucks, used semi trucks, used big lifted trucks are some of the examples that are offered at quite cheaper and almost half of the prices of new trucks. Thus, used trucks are the most economical deals.
* Used trucks are having lower depreciation
The depreciation ratio of used Vehicle is quite lower. The new Vehicle are having highest depreciation ratio so the truck owner gets more loss of money in case of resale the new trucks. Used trucks can be the most beneficial deals in case of resale for the buyer. There are many of the used truck models available that are qualitative in approach and the owner can use them for longer periods, earn huge revenue from them and can earn good amount of money at the time of resale.
* Used trucks are "Recession suitable buying"
Recession has lowered down the incomes and has raised the prices of the commodities. The inflation rate is steeping higher and higher. Therefore people have to save money at any cost for the future as the uncertainty of future is lingering on everyone's heads. All of these factors are leading the way to buy used trucks. Used trucks are the most spectacular and splendid buying opportunities for the truck buyers as they save huge amount of money that can be saved or even can be used for any of the other buying.
Thus, these are some of the demand pulling effect of used trucks. Now, here are some of the factors that are making huge impact on the supply of used trucks. The supply of used trucks is being enhanced because of many reasons. Here are they.
* Urgent needs of money
The owners and transporters may resale the Vehicle due to urgent needs of money. The Recession has stopped the money rotation and also has forced the people to pull out money from any of the source. Reselling the vehicles have become the first priorities of the truck owners to create more money for living.
* Increasing prices of fuel
The fuel hike is also one of the most important factors of selling the vehicles by already users. There are many of the truck transporters who are nit in the state of affording the expenses after the trucks and therefore sale them at whatever prices. The used trucks and cheap used trucks are therefore widely available in the trucks for sale business.
* The incomes from "extra"
There are many of the truck operators and owners who are having extra trucks which have become burden for them after increase in fuel prices and also increase in the repairing expenses of trucks. These truck owners are making use of these "extra" trucks to create revenue from them. The sale of these used trucks creates more of the money for them to divert for useful purposes.
These are the reasons that have enhanced the supply of used trucks in the market. All of these reasons have aroused only after Recession. So, it can be said that Recession is the leading source of increasing demands and supply of used trucks.
* Used trucks are economical
The economical impact of used trucks is quite aggressive. The used Vehicle are offered at quite reasonable prices and also are offering quite similar services that any of the new trucks are offering. The Vehicle transporters are benefited mainly by this feature and factor as with lower investment, the truck owners can earn more of the revenue. There are many of the truck models which can become quite useful to the truck owners. The used Pickup trucks, used semi trucks, used big lifted trucks are some of the examples that are offered at quite cheaper and almost half of the prices of new trucks. Thus, used trucks are the most economical deals.
* Used trucks are having lower depreciation
The depreciation ratio of used Vehicle is quite lower. The new Vehicle are having highest depreciation ratio so the truck owner gets more loss of money in case of resale the new trucks. Used trucks can be the most beneficial deals in case of resale for the buyer. There are many of the used truck models available that are qualitative in approach and the owner can use them for longer periods, earn huge revenue from them and can earn good amount of money at the time of resale.
* Used trucks are "Recession suitable buying"
Recession has lowered down the incomes and has raised the prices of the commodities. The inflation rate is steeping higher and higher. Therefore people have to save money at any cost for the future as the uncertainty of future is lingering on everyone's heads. All of these factors are leading the way to buy used trucks. Used trucks are the most spectacular and splendid buying opportunities for the truck buyers as they save huge amount of money that can be saved or even can be used for any of the other buying.
Thus, these are some of the demand pulling effect of used trucks. Now, here are some of the factors that are making huge impact on the supply of used trucks. The supply of used trucks is being enhanced because of many reasons. Here are they.
* Urgent needs of money
The owners and transporters may resale the Vehicle due to urgent needs of money. The Recession has stopped the money rotation and also has forced the people to pull out money from any of the source. Reselling the vehicles have become the first priorities of the truck owners to create more money for living.
* Increasing prices of fuel
The fuel hike is also one of the most important factors of selling the vehicles by already users. There are many of the truck transporters who are nit in the state of affording the expenses after the trucks and therefore sale them at whatever prices. The used trucks and cheap used trucks are therefore widely available in the trucks for sale business.
* The incomes from "extra"
There are many of the truck operators and owners who are having extra trucks which have become burden for them after increase in fuel prices and also increase in the repairing expenses of trucks. These truck owners are making use of these "extra" trucks to create revenue from them. The sale of these used trucks creates more of the money for them to divert for useful purposes.
These are the reasons that have enhanced the supply of used trucks in the market. All of these reasons have aroused only after Recession. So, it can be said that Recession is the leading source of increasing demands and supply of used trucks.
Usedtrucksjunction.com is offering widest range of Used trucks
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used trucks for sale business aggressive and extensive. Get registered
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By
Kevin Wilson Anchi
Recovering From a Truck Accident
There are approximately 251 million registered vehicles in the
United States alone and in 2004 there were 198.8 million registered
drivers with an estimated 6.6 million driver's licenses likely to be
issued in 2007-2008, according to information obtained from programs
under the U.S. Department of Transportation (USDOT) and the Department
of Motor Vehicles (DMV).
In 2005, there were nearly 6.4 million auto accidents resulting in approximately 40,000 fatalities, according to the National Highway Traffic Safety Administration (NHTSA). In 2007, the USDOT reported that:
* There were 236,468 non-fatal large truck accidents.
* 54,961 injury-related large truck accidents.
* 80,752 injuries due to large truck accidents.
Large truck accidents account for a significant portion of vehicle accidents every year and also account for a portion of crash-related injuries and fatalities among drivers, passengers and pedestrians.
According to research conducted by the University of Michigan Transportation Research Institute (UMTRI), fatalities caused by truck accidents are rising and have steadily risen 5.8 percent over a the previous ten-year period. Causes of Truck Accidents There are a plethora of reasons that an individual can become involved in a truck accident, but there are a list of common, reoccurring truck accident scenarios that have been identified by the Federal Motor Carrier Safety Administration (FMCSA), which conducts research on highway collisions involving an array of motor vehicles.
The following are some of the primary causes for a fatality or injury because of a truck crash:
* Trucks hitting pedestrians.
* The force of the collision between a large truck and a smaller passenger vehicle/vehicles.
* Trucks hitting fixed objects.
* Loss of control (tire blow out, vehicle failure, weather conditions, etc.).
* Animal in roadway.
* Physical driver factor, including falling asleep, heart attack, etc.
Another study conducted by the FMCSA also found that truck accidents will vary based on roadway type, weight of vehicle and cargo body type. The study found that of the three main categories of roadway types (rural, urban and unknown), urban roadways (interstate, freeways, expressways, etc.) accounted for 63 percent of all large truck accidents. Additionally, weight factored into the equation of truck accidents and truck fatalities/injuries.
The study measured truck weight by single unit trucks (two axles, threes axles, etc.) and combination trucks (tractor trucks, truck pulling trailers, etc.). Of these, 62 percent of accidents were made up by combination trucks, specifically the tractor truck pulling a trailer.
Additionally, the study reported an array of truck varieties that had been in an accident:
* Van trucks, including closed van, refrigerated van and open top van.
* Dump trucks (rear dump trucks and bottom dump/hopper bottom).
* Tankers (tank-liquid, tank-dry bulk and tank-compressed gas).
* Garbage refuse trucks.
* Cement mixers.
* Pole/logging trucks.
* Auto carriers.
* Livestock carriers.
* Bobtail units (with no cargo body).
* Other category, which includes tow trucks, etc.
* Unknown category (meaning un-inspected vehicles).
Of these trucks, the van trucks accounted for 46 percent of large truck crashes with dump trucks accounting for 16 percent of accidents and flatbed trucks accounting for 15 percent.
Truck Accident Costs While the percentage of truck accidents varies each year, the UMTRI has noted that there is a steady increase of truck accident fatalities and injuries among passengers.
Accompanying this increase is the rising costs per crash. Research determining the average price for medium as well as heavy truck accidents was conducted by the Pacific Institute for Research and Evaluation, which was paid for by USDOT.
The study found that: An average truck accident cost $91,112 in 2005.
* Crashes involving truck-tractors with two or three trailers accounted for the most costly crashes averaging $289,549 per crash.
* Truck crashes involving trucks with no trailers and straight trucks cost an average of $56,296 per crash.
* Reports have suggested that it will cost more than $3.6 million per crash for truck accidents involving a fatality.
* Whereas, truck crashes involving injury-only crashes averaged at $195,258 per crash.
While the costs of fatal and non-fatal accidents have been considered shockingly high by some, the study noted that these cost estimates excluded additional factors such as:
* mental health costs.
* roadside furniture repair costs.
* cargo delays.
* it is estimated that even those who are involved in or caring for a victim that was in a truck accident will have lost earnings.
* the value of schoolwork lost was also not factored.
Because of these exclusions, the estimated truck accident costs may even be considerable higher than estimated by the USDOT.
Seeking Assistance after a Truck Accident
It is often difficult for an individual to gauge the devastation that has just occurred after a truck collision. It is important that an individual who has suffered from a truck accident seeks medical attention immediately.
While an individual may feel no pain after an accident, their injuries may be internal and an examination by a medical professional immediately following an accident can ensure that the appropriate safety precautions are taken.
Additionally, it may be necessary for a truck accident victim to consult an experienced truck accident attorney for legal purposes, which may include a legal consultation for a potential truck accident lawsuit.
Developing a truck accident lawsuit may seem to be a drastic measure by some, but when considering the costs associated with a truck accident, whether fatal or non-fatal, it can be deemed a necessary step, one that may provide monetary compensation in return for damages following a truck collision.
In 2005, there were nearly 6.4 million auto accidents resulting in approximately 40,000 fatalities, according to the National Highway Traffic Safety Administration (NHTSA). In 2007, the USDOT reported that:
* There were 236,468 non-fatal large truck accidents.
* 54,961 injury-related large truck accidents.
* 80,752 injuries due to large truck accidents.
Large truck accidents account for a significant portion of vehicle accidents every year and also account for a portion of crash-related injuries and fatalities among drivers, passengers and pedestrians.
According to research conducted by the University of Michigan Transportation Research Institute (UMTRI), fatalities caused by truck accidents are rising and have steadily risen 5.8 percent over a the previous ten-year period. Causes of Truck Accidents There are a plethora of reasons that an individual can become involved in a truck accident, but there are a list of common, reoccurring truck accident scenarios that have been identified by the Federal Motor Carrier Safety Administration (FMCSA), which conducts research on highway collisions involving an array of motor vehicles.
The following are some of the primary causes for a fatality or injury because of a truck crash:
* Trucks hitting pedestrians.
* The force of the collision between a large truck and a smaller passenger vehicle/vehicles.
* Trucks hitting fixed objects.
* Loss of control (tire blow out, vehicle failure, weather conditions, etc.).
* Animal in roadway.
* Physical driver factor, including falling asleep, heart attack, etc.
Another study conducted by the FMCSA also found that truck accidents will vary based on roadway type, weight of vehicle and cargo body type. The study found that of the three main categories of roadway types (rural, urban and unknown), urban roadways (interstate, freeways, expressways, etc.) accounted for 63 percent of all large truck accidents. Additionally, weight factored into the equation of truck accidents and truck fatalities/injuries.
The study measured truck weight by single unit trucks (two axles, threes axles, etc.) and combination trucks (tractor trucks, truck pulling trailers, etc.). Of these, 62 percent of accidents were made up by combination trucks, specifically the tractor truck pulling a trailer.
Additionally, the study reported an array of truck varieties that had been in an accident:
* Van trucks, including closed van, refrigerated van and open top van.
* Dump trucks (rear dump trucks and bottom dump/hopper bottom).
* Tankers (tank-liquid, tank-dry bulk and tank-compressed gas).
* Garbage refuse trucks.
* Cement mixers.
* Pole/logging trucks.
* Auto carriers.
* Livestock carriers.
* Bobtail units (with no cargo body).
* Other category, which includes tow trucks, etc.
* Unknown category (meaning un-inspected vehicles).
Of these trucks, the van trucks accounted for 46 percent of large truck crashes with dump trucks accounting for 16 percent of accidents and flatbed trucks accounting for 15 percent.
Truck Accident Costs While the percentage of truck accidents varies each year, the UMTRI has noted that there is a steady increase of truck accident fatalities and injuries among passengers.
Accompanying this increase is the rising costs per crash. Research determining the average price for medium as well as heavy truck accidents was conducted by the Pacific Institute for Research and Evaluation, which was paid for by USDOT.
The study found that: An average truck accident cost $91,112 in 2005.
* Crashes involving truck-tractors with two or three trailers accounted for the most costly crashes averaging $289,549 per crash.
* Truck crashes involving trucks with no trailers and straight trucks cost an average of $56,296 per crash.
* Reports have suggested that it will cost more than $3.6 million per crash for truck accidents involving a fatality.
* Whereas, truck crashes involving injury-only crashes averaged at $195,258 per crash.
While the costs of fatal and non-fatal accidents have been considered shockingly high by some, the study noted that these cost estimates excluded additional factors such as:
* mental health costs.
* roadside furniture repair costs.
* cargo delays.
* it is estimated that even those who are involved in or caring for a victim that was in a truck accident will have lost earnings.
* the value of schoolwork lost was also not factored.
Because of these exclusions, the estimated truck accident costs may even be considerable higher than estimated by the USDOT.
Seeking Assistance after a Truck Accident
It is often difficult for an individual to gauge the devastation that has just occurred after a truck collision. It is important that an individual who has suffered from a truck accident seeks medical attention immediately.
While an individual may feel no pain after an accident, their injuries may be internal and an examination by a medical professional immediately following an accident can ensure that the appropriate safety precautions are taken.
Additionally, it may be necessary for a truck accident victim to consult an experienced truck accident attorney for legal purposes, which may include a legal consultation for a potential truck accident lawsuit.
Developing a truck accident lawsuit may seem to be a drastic measure by some, but when considering the costs associated with a truck accident, whether fatal or non-fatal, it can be deemed a necessary step, one that may provide monetary compensation in return for damages following a truck collision.
To better understand the importance of a truck accident lawsuit,
visit LegalView's truck accident portal. Also visit the LegalView legal
library at for details on the possibility for a Levaquin recall or to learn about the latest Avandia lawsuit.
By
Katie Kelley
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