Waiting on New Trucks thread.

Their key inflation points are tailwinds at this point. Oil is down 40% from its high, nat gas 50% and steel 15%. Year over Year labor is the only "sticky" cost that I'd argue will increase in 2023. 2022 was the year of inflation and 2023 should be deflation.

 

See attached what we pull.

 

We'll have to disagree then. You're basing a broad recovery scenario on some short term commodity moves. I'm saying my dollar today buys me 10% less across the board, and the things causing that are not changing for the better any time soon.

 

I'd agree things aren't going to get much better anytime soon but inflation for the most part has peaked and pushing across a 10% price increase flows straight to the bottom line. Plus I'd assume these manufacturers have hedged a good chunk of their commoditized products so their downside risk is minimal.

 

Pricing ability by manufacturers is the biggest reason. The head of Dodge admitted their profits have doubled, yet, are producing half the vehicles. He said they’ve done it, by creating demand and increasing prices. Essentially, reduce production and raise prices. With plenty of product, there isn’t demand; just people going and getting what they want.

 

A little bit of everything. Looks good man.

 

how many trucks do you run? Just out of curiosity

 

So total of 5 people? Who does the equipment maintenance?