Trucks are facing heavier-than-normal depreciation trends while cars have also remained under noticeable price declines.
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Overall, used GVW 3-8 transactions from March 1, 2014 to March 31, 2015 accounted for 51.7 percent of total GVW 3-8 transactions in the U.S. market.
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Equipment and vehicles from utilities and related companies will be auctioned in Michigan, Massachusetts, Florida, and Illinois in the month of March. The auctions will be held Mar. 14, 21 and 28.
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As part of its long-term growth strategy to invest in emerging markets, has Manheim announced that it has purchased a majority stake in CarBizz, an auction operation based in São Paulo.
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Mitsubishi Fuso Truck of America, Inc. (MFTA) will make a used-truck warranty option available through its authorized dealers for any used FUSO work truck up to seven-years old with less than 300,000 miles on it at time of purchase.
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To get the most value from a used truck, fleet managers looking to auction their units should do a little research and be thoroughly prepared.
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Fleet managers are presented with unique challenges ensuring maximum resale for medium-duty trucks, and understanding the reasons for this as well as current market conditions can help increase overall residuals.
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Schneider will add 5,700 trailers to its offering of used equipment for sale.
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Penske Used Trucks announced it has opened a commercial truck dealership in Torrance, Calif., where it will sell used light-, medium-, and heavy-duty trucks, trailers, and related equipment.
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A look back over the past decade may shed some light on what to expect from the recent fiscal crisis. Overall, Black Book anticipates a positive impact on values.
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