Prior to the pandemic's impact on prices, trucks generally offered better TCO. I struggle to imagine that still holds true in the current landscape, but the shift has happened recently enough that we don't really have a good picture of what the total cost is over a sufficiently long period in light of how the world has changed.

So, right now, amid many unknowns, people are gambling on the past being indicative of the future. They might get burned hard, or they might come out smiling in the end. Time will tell. When it does, and assuming it shows that the TCO benefit is no longer there, you will start to see movement away from them. People aren't completely irrational – but they are slow.