auction

The evidence is far from overwhelming, but the worst of the price depreciation for used trucks may be over.

Fleets and individual truckers buying at today’s elevated prices
assume a big risk when the used equipment market normalizes.

The trend of improving used truck sales stalled in October. But year-over-year price gains are holding up. Added capacity could be a problem if pandemic shutdowns slow freight demand.

The online auction from Ritchie Bros. attracted 8,600 bidders from 62 countries using the Ritchie Bros. mobile app.

Class 8 truck orders dropped dramatically in both November and December, with orders dropping below deliveries in December.

The number of trucks sold at auction climbed notably in September, and pricing trended lower. Model year 2015 trucks took a particularly hard hit thanks to higher volume and higher average mileage.

J.D. Power is forecasting more new truck deliveries in the coming months, but demand is still expected to outpace supply into the second quarter of 2019.