Spring has come to an end, with cars declining in values greater than trucks.
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Overall truck segments are declining but some truckmakers saw increases of up to 5% due to new 1/2-ton pickups.
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A steady supply, thriving shipping market, and increased demand helped stabilize wholesale values going into 2019.
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Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by 0.42% last week. In comparison, the market values decreased by 0.58% on average during the prior four-week period.
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Wholesale values declined 0.3% for model years 2016-2017 and 0.2% for model years 2008-2015 in December.
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The pricing for medium-duty trucks at auction was down for the second month in a row in September, according to J.D. Power’s October Commercial Truck Guidelines Industry Update.
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For some fleets, a truck’s value does not come up until it’s time for remarketing. But getting the most profit for these assets requires careful planning long before the truck goes up for sale.
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Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by just 0.03% last week, better than the average decrease of 0.17% per week in the previous four weeks.
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Medium-duty trucks at auction have had a shaky start to 2017, with both volume and pricing down compared to the same time last year, according to NADA Used Car Guide’s March 2017 Commercial Truck Guide Industry Update. However, with a boost in demand expected in the latter half of the year, medium-duty trucks should finish off this year in better shape than in 2016.
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While entry-level cars are showing some of the largest declines of the year, possibly related to gasoline prices, diesel prices are not having a similar impact on diesel trucks.
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