Alan Adler
Tuesday, November 28, 2023
Is the worst over for falling used truck prices?
The evidence is far from overwhelming, but the worst of the price depreciation for used trucks may be over.
The evidence is far from overwhelming, but the worst of the price depreciation for used trucks may be over.
When the floor on auction prices of used trucks is reached late this year, they will still be 20% higher than pre-COVID prices.
Used trucks commanded lower prices at auction and retail in July as the overheated equipment market continued to cool.
Auction prices for used trucks are dropping as more equipment shows up amid cooling spot freight demand.
Sky-high used Class 8 truck prices are not falling with lower freight rates as an undersupply of equipment continues to alter buyer behavior.
Skyrocketing prices for late-model used equipment bring older, less attractive used trucks to auctions