After leaking for several months, the air is nearly evacuated from the used truck pricing bubble as increased production of new trucks allows fleets to finally trade their aging iron.
Prices at auction are about 25% higher than the last pre-pandemic peak, according to J.D. Power Valuation Services. At the peak of the pricing bubble, used trucks sold for as much as149% more than they did before COVID hit in March 2020.
The depreciation grew heavier in December. A lot of auctions and sellers...
https://www.freightwaves.com/news/why-the-used-trucks-pricing-bubble-finally-burst