When it comes to the current state of used trucks, forget what Econ 101 teaches about supply and demand. Rather than one impacting the other, both are driving used truck prices to a post-Great Recession peak.
“On the supply side, ongoing new truck production constraints are causing many buyers to look for low-mileage used trucks as a substitute,” Chris Visser, J.D. Power Valuation Services commercial vehicles senior analyst and product manager, told FreightWaves. “On the demand side, the freight...