Normalcy is returning to auction prices of used trucks, but the new normal for a rig with 400,000 to 550,000 miles is going to cost buyers about 20% more than before the COVID-19 pandemic.
That’s the forecast from J.D. Power Valuation Services, which tracks pre-owned truck prices in auctions and at retail dealerships.
“We expect auction pricing to hit a ‘soft floor’ before the end of the year, landing about 20% above the most recent pre-pandemic peak of early 2019,” said Chris Visser, who writes...
https://www.freightwaves.com/news/used-truck-prices-fall-further-in-august-with-soft-floor-in-sight