Fleet experts shared their insights on remarketing upfits and equipment in the work truck industry.
Supply and demand shifts over the last two years have had ripple effects on purchasing patterns, the condition of used assets, and pricing.
With a lack of used vehicles and rental units returning to market, demand continues to outweigh supply. When will the market come back down to earth?
Wholesale values continued their ascent in the final weeks of February, with nearly all reporting segments experiencing gains.
Wholesale prices continued their decline last week through the month of January, though declines in the overall market are at a 0.21% decline, higher than historical 0.44% drops.
There was a significant drop in sold volume (both month-over-month, and year-over-year) in wholesale channels from September to November of 2020.
Volume-weighted, overall car and truck segments both experienced continued softening in values to round out the last full week of 2020, but are higher than seasonal averages of the previous three years.
Volume-weighted, overall car and truck segments both experienced continued softening in values, decreasing by 0.38%. However, these overall values are slightly higher than seasonal norms of the last three years, which averaged around -0.75% between 2017 - 2019.
Volume-weighted, overall car and truck segments both experienced continued softening in values, but rate of decline slowed with the overall market decreasing by 0.52% this past week.
Volume-weighted, overall car and truck segments both experienced continued softening in values, with the overall market decreasing by 0.60% this past week.
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