Falling prices for used trucks might be good news for those in the market for older iron. But they are having an opposite effect on Rush Enterprises, the nation’s largest new and used truck dealership network.
“Looking ahead, we expect used truck values to continue to decline, and we plan to maintain our low inventory levels until conditions begin to normalize,” Rush Enterprises CEO Willam “Rusty” Rush said Thursday on the company’s earnings’ conference call.
Rush had strong financial results in...