Used truck prices, especially for newer models, continued their explosive growth in December, with auction prices finishing the year nearly double 2020.
Supply chain issues — led by a shortage of semiconductors — tight supply and unprecedented demand all contributed to the unrelenting inflation.
“Pricing in calendar year 2021 was 96.3% higher than in 2020 and 89.2% higher than in 2019. Late-model trucks increased in value an average of 7.3% per month in 2021,” according to J.D. Power Valuation...
https://www.freightwaves.com/news/doubling-down-auction-prices-for-used-tractors-up-963-in-2021