US Fleet Vehicles Count

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US Fleet Vehicles Count

There are 727,000 leased class-1-5 private-fleet-vehicles and 1,860,000 owned class-1-5-private-fleet-vehicles in the United States (a fleet is defined as one with 15 or more vehicles).

Share of Freight

  • According to the National Private Truck Council (NPTC), there are 200,000 firms in the United States that operate private fleets, which accounts for 68% of the outbound freight in the United States.

Class 1-5 Trucks

  • According to the BTS (data sourced from Bobit Fleet Group Research Department), there were 4,840,000 class 1-5 trucks in use in the United States in 2018.
  • Only vehicles operating in fleets of 15 or more vehicles have been counted; this is the minimum number of vehicles required to be considered a fleet (per Bobit Research).
  • Rental trucks do not include vans and SUVs.
  • Overall, there were approximately 2.9 million class 3-5 trucks in the US in 2018.

Class 6-7 Trucks

  • According to Endeavor Business Media, in 2017, there were approximately 1.5 million class 6-7 trucks in the United States.
  • Leasing rates for class 6 trucks increased from under 30% in 2003-13 to 40% in 2014. While these numbers do not reflect the proportion of in-use class 6 trucks in the United States, they indicate that an increasing percentage of class 6 trucks are being leased. The leasing rate is likely to be greater now than it was in 2014.
  • Also, the data we obtained suggests that the proportion of leased vehicles increases with the heaviness of the vehicle (owing to the increase in capex). Therefore, the leasing rate of class 7 vehicles is likely to be higher than class 6 vehicles.

Class 8 Trucks

  • The share of leased-private-fleet class 8 trucks increased from 46% in 2017 to 52% in 2018.
  • According to the American Trucking Association, in 2017, there were 3.68 million class 8 trucks in operation in the United States.

Top 500 Private Fleets

  • The top 500 private fleets in the United States collectively operate 1,403,411 vehicles (calculations in the attached spreadsheet)
  • The breakdown of the Top 500 private fleets:
    • Tractors: 189,523
    • Trucks: 1,213,409
    • Trailers: 518,414
    • Total: 1,403,411

Research Strategy

We searched for (publicly available) data published by research agencies such as IHS Automotive, ACT Research, BTS, Bobit Research, and Endeavor Business Media; and industry portals such as Fleet Owner, and American Trucking Association. However, none of the sources provided a breakdown of the leased and owned fleet vehicles by individual vehicle class segments. We also looked specifically for any sources covering trends in leasing that may provide relevant information but met with limited success. The class 6-7 and class 8 trucks data could not be triangulated as only the total vehicle count was available (not the fleet count). Also, the data provided by Bobit Research (as published on the BTS) does not provide data for small truck fleets (less than 15 vehicles).



Sources
Sources