Used truck prices find footing in 2020 amid pandemic

Used truck prices should continue improving in the first half of the year, building on a strong second half of 2020, according to J.D. Power Valuation Services.

“Confidence in the freight market going forward was the main reason truckers bought new and late-model used equipment beginning midyear,” said Chris Visser, Power’s senior analyst and commercial vehicles product manager. “The freight remained healthy due to the macro shift to work-from-home and all the upheaval that entailed. That’s the...

https://www.freightwaves.com/news/used-truck-prices-find-footing-in-2020-amid-pandemic

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