Spring has come to an end, with cars declining in values greater than trucks.
Spring Resale Market Arrives for Trucks
Overall truck segments are declining but some truckmakers saw increases of up to 5% due to new 1/2-ton pickups.
Overall truck segments are declining but some truckmakers saw increases of up to 5% due to new 1/2-ton pickups.
A steady supply, thriving shipping market, and increased demand helped stabilize wholesale values going into 2019.
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.
Wholesale values declined 0.3% for model years 2016-2017 and 0.2% for model years 2008-2015 in December.
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.
Recent Class 8 trade volumes have been lower than predicted, which means pricing has been more stable than expected for used trucks, according to J.D. Power & Associates.
According to J.D. Power and Associates, higher volumes of both heavy- and medium-duty used trucks caused prices to fall off "substantially" in February.
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.
Depreciation among wholesale medium-duty trucks continued to rise through July and August, according to Black Book’s September Specialty Markets report.
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