Class 8 used trucks

Used truck values and demand on the rise

The rebound in Class 8 used truck sales continued in August. Prices and sales rose with fleets desiring newer trucks with better fuel economy and safety equipment.

J.D. Power Valuation Services reported a third consecutive month of improving retail sales in August.

“Since mid-June, we’ve seen an increase in selling prices for the lowest-mileage iron,” said Chris Visser, J.D. Power Valuation Services commercial vehicles senior analyst and product manager.

Power said the average sleeper tractor sold...

https://s29755.pcdn.co/news/used-truck-values-and-demand-on-the-rise

Used trucks sales continue climb from abyss

After more than a year of falling prices and slack demand, used truck prices and sales are having a nice summer.

Class 8 conditions across the board generally stabilized in July,. That suggests June’s recovery was more than a one-shot relief in pent-up demand, according to analysts from J.D. Power Valuation Services. 

Prices solidify

“Pricing is solidifying, customers are buying more used trucks and new truck orders and deliveries are heading back in the right direction,” said Chris Visser, J.D....

https://s29755.pcdn.co/news/used-trucks-sales-continue-climb-from-abyss

Auction volumes soar for used trucks

Turnkey used truck signage

The volume of Class 8 used trucks rolling onto the virtual auction block in June rose. Newer, low-mileage trucks increased in value even as large groups of identical sleeper cabs pushed month-over-month prices lower.

One exception: A 2016 model sleeper cab sold for an average $27,313, up 6.9% or $1,768 over May.

“Volume rose substantially in June, and was the highest we’ve seen for our benchmark group since at least late 2015,” said Chris Visser, J.D. Power Valuation Services commercial vehicles...

https://s29755.pcdn.co/news/auction-volumes-soar-for-used-trucks

Used truck prices firm but demand still slack

USed International Trucks

Demand remains slack but prices for used Class 8 trucks appear to be firming, according to industry watchers.

Used Class 8 same dealer sales volumes dropped 12% in May compared to April. Year-over-year sales were down 20% compared to May 2019. Sales are up 2% for the first five months of the year, according to ACT Research.

Average prices and mileage exceeded April by 2% and 1% respectively.

“Dealers are reporting that low used truck prices and high inventories were challenges before COVID-19...

https://s29755.pcdn.co/news/used-truck-prices-firm-but-demand-still-slack

Break-even values dictate used truck trade-ins

Row of used trucks

Final numbers for Class 8 used truck sales in April dipped further even as prices continued to fall amid swelling inventories.

With practically no new trucks ordered or sold during the month, already slow-selling used equipment felt the brunt of the COVID-19 pandemic.

ACT Research said same-dealer sales fell 15% from March and 7% from April a year ago. Used trucks were older, sold for less and had fewer miles on the odometer than in March.  

“Most dealers are reporting used truck sales have slowed...

https://s29755.pcdn.co/news/break-even-values-dictate-used-truck-trade-ins

Depressed used truck prices fall lower in April

Used Trucks of Texas

Prices for Class 8 used trucks continued to fall in April, though some improvement in auction activity gave hope the bottom of the market is near.

Same-dealer sales were off 8% in April compared to March as the first full month of the COVID-19 pandemic ravaged the overall economy. Volumes fell 5% compared to the same month a year ago, according to ACT Research.

Month-over-month used truck prices fell 8%, ACT said.

“Our first reaction to the unit sales data was one of surprise that the market held...

https://s29755.pcdn.co/news/depressed-used-truck-prices-fall-lower-in-april

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