Used truck prices dip in July except for lower-mileage models

Overview of used trucks at auction site

Used truck prices are falling at auctions and dealerships, with one exception — newer equipment with fewer than 400,000 miles on the odometer.

After months of stratospheric prices, the air is escaping the balloon. Higher production of new trucks is prompting trade-ins that all but dried up during pandemic-related supply disruptions.

Availability of new trucks is still tight. But July sales of new Class 8 models were higher for all but one truck maker, according to Wards Intelligence. July sales...

https://www.freightwaves.com/news/used-truck-prices-dip-in-july-except-for-lower-mileage-models

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