Trucks have shown the most strength of any segment with full-size trucks up 3%, while Kelley Blue Book shows midsize pickups rose 6%, aided by new and redesigned models.
Used Class 8 same dealers sales were down 10% in June and prices remained essentially flat, but this used truck dealers say that at current levels, sales and prices are still strong, according to ACT Research.
Used Class 8 truck volumes, based on same dealer sales, fell for the second straight month in December while average pricing increased.
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.
Connectivity, spec’ing trends, market disruptions, and market conditions are among the issues challenging dealers and their customers. We got insights from the nominees for the Truck Dealer of the Year award, presented by American Truck Dealers, Heavy Duty Trucking, and Procede Software.
Following a surge in October, same-dealer used Class 8 truck sales dropped 17% in November and prices fell by 3%.
Because of historically high resale rates, most commercial fleets no longer sell out-of-service medium- and heavy-duty Class 3-8 trucks to their employees.
Follow these common sense strategies before the acquisition decision, during ownership and prior to resale to help you hold the line on residual values.
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