Explaining the fire truck conspiracy from @maxxrosenblum
The creator explains the 'fire truck conspiracy,' detailing how the market for fire trucks has become an oligopoly controlled by three private equity-backed companies. He uses charts and news articles to show how prices have doubled and wait times have increased to five years, causing used fire trucks to appreciate in value. The creator traces the industry's consolidation since the 1990s, explains the negative consequences for fire departments and homeowners, and concludes by proposing a three-pillar solution involving standardization, leasing, and refurbishment to fix the broken market.
Creator: @maxxrosenblum on Instagram
Transcript
The fire truck responding to your emergency is probably older than the firefighter driving it. We need to talk about why that matters. You see the price of a new fire engine has doubled since 2020 and wait times went from twelve months to five years. A department that bought a used 2004 truck for a $105 two years ago, and the same truck now goes for $50 more. In fact, used fire trucks are appreciating in a way no other vehicle does. But how did we get here? Because in the nineteen nineties, ther
Topics: Economics, Manufacturing, Public Safety, Government Finance
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