J.D. Power Valuation Services Archives

Is the worst over for falling used truck prices?

28 November 2023

Used truck prices fell about 4% a month in the first 10 months of the year. But the rapid rate of depreciation might be coming to an end.

“The past three months’ less-than-expected declines present mounting evidence of pricing stability,” said Steve Tam, ACT Research vice president. “We expect lower prices through the end of 2023, with a return to month-over-month growth toward the end of 2024.”

J.D. Power Valuation Services found month-over-month auction prices for the typical Class 8 sleeper...

https://www.freightwaves.com/news/is-the-worst-over-for-falling-used-truck-prices

Class 8 truck orders hit year’s peak in September

4 October 2023

With 2024 orderboards open, fleets placed the highest number of Class 8 bookings this year in September. But they know they can pull the plug if necessary.

Preliminary Class 8 net orders were 36,800 units, up 67% over August, ACT Research reported. Rival analytics firm FTR Transportation Intelligence pegged orders at 31,200. Both numbers fell far short of the record 53,700 orders in September 2022.

With depressed spot rates and a cooling consumer economy, some of the orders could be a hedge...

https://www.freightwaves.com/news/class-8-truck-orders-hit-years-peak-in-september

Loaded and Rolling: Interview with Variant’s Josh Smith; Bank of America transportation outlook

24 January 2023

Trucking and technology at scale: A look at Variant with Josh Smith

(Source: FreightWaves)

On Tuesday, Josh Smith, vice president at Variant and over-the-road operations at U.S. Xpress, spoke to FreightWaves about the Variant program and how technology and operations are vital to success in trucking.

During the interview, Smith highlighted the evolution of the Variant brand and how the organizational structure seeks to make life better for drivers on the road. Smith noted the Variant model is...

https://www.freightwaves.com/news/loaded-and-rolling-interview-with-variants-josh-smith-bank-of-america-transportation-outlook

Why the used trucks pricing bubble finally burst

24 January 2023

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

Porqué estalló finalmente la burbuja de precios de los camiones usados

23 January 2023

Después de filtrarse durante varios meses, casi se ha evacuado el aire de la burbuja de precios de los camiones usados, ya que el aumento de la producción de camiones nuevos permite a las flotas intercambiar por fin su hierro envejecido.

Según J.D. Power Valuation Services, los precios en subasta son un 25% más altos que el último pico prepandémico. En el punto álgido de la burbuja de precios, los camiones usados se vendían hasta un 149% más caros que antes de la llegada del COVID en marzo de...

https://www.freightwaves.com/news/porque-estallo-finalmente-la-burbuja-de-precios-de-los-camiones-usados

Loaded and Rolling: Scope 3 emissions; World Economic Forum vs. empty miles

11 January 2023

Podcast interview: The scope of Scope 3

(Source: FreightWaves)

On Tuesday, FreightWaves interviewed Josh Bouk, president of Trax Technologies, about the recent Securities and Exchange Commission rule-making recommendation back in March 2022 regarding scope 3 emissions. Scope 3 is a part of a larger greenhouse gas emissions overhaul by the SEC, the intent being for companies to disclose their impact on the environment.

Climate-related and emissions disclosures can cause more stress for trucking...

https://www.freightwaves.com/news/loaded-and-rolling-scope-3-emissions-world-economic-forum-vs-empty-miles

‘Once-in-a-lifetime pricing boom’ in used trucks reverses course

22 December 2022

googletag.cmd.push(function() { var gptSlot = googletag.defineSlot(‘/21776187881/FW-Responsive-Main_Content-Slot1’, [[728, 90], [468, 60], [300, 100], [320, 50]], ‘div-gpt-ad-b1-i-fw-ad-1’).defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads());
gptAdSlots.push(gptSlot);
});

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-b1-i-fw-ad-1’); });

Used truck prices reversed year-over-year gains in November for the first time since 2020,...

https://www.freightwaves.com/news/once-in-a-lifetime-pricing-boom-in-used-trucks-reverses-course

Used truck prices fall as OEM supply chain clears

18 November 2022

googletag.cmd.push(function() { var gptSlot = googletag.defineSlot(‘/21776187881/FW-Responsive-Main_Content-Slot1’, [[728, 90], [468, 60], [300, 100], [320, 50]], ‘div-gpt-ad-b1-i-fw-ad-5’).defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads());
gptAdSlots.push(gptSlot);
});

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-b1-i-fw-ad-5’); });

The trend is clear. Used truck prices continue to fall across almost all years and models as new...

https://www.freightwaves.com/news/used-truck-prices-fall-as-oem-supply-chain-clears

Used truck prices dip in July except for lower-mileage models

19 August 2022

Used truck prices are falling at auctions and dealerships, with one exception — newer equipment with fewer than 400,000 miles on the odometer.

After months of stratospheric prices, the air is escaping the balloon. Higher production of new trucks is prompting trade-ins that all but dried up during pandemic-related supply disruptions.

Availability of new trucks is still tight. But July sales of new Class 8 models were higher for all but one truck maker, according to Wards Intelligence. July sales...

https://www.freightwaves.com/news/used-truck-prices-dip-in-july-except-for-lower-mileage-models

June used truck retail prices follow continuing declines in auction prices

18 July 2022

Used truck auction prices continue to drop from nosebleed heights. Now trucks at retail are selling for less. But both channels remain near historic peaks.

Auction volumes in June reached an 18-month high, according to J.D. Power Valuation Services. Small fleet liquidations, large fleets dumping their oldest units and individuals either getting out of the industry or going to work for a fleet drove the jump.

Auction values stabilized after rising for 18 straight months, according to Ritchie...

https://www.freightwaves.com/news/june-used-truck-retail-prices-follow-continuing-declines-in-auction-prices

+ More