Experts expected a closing of the gap between record-high auction and retail used truck prices. Now both are in retreat.
With order backlogs exceeding 14 months, manufacturers are accepting few new orders, frustrating fleet demand.
Fleets and individual truckers buying at today’s elevated prices
assume a big risk when the used equipment market normalizes.
Skyrocketing prices for late-model used equipment bring older, less attractive used trucks to auctions
Prices for used Class 8 tractors should maintain the momentum from the last half of 2020, but the nation’s unemployment rate could affect that, according to J.D. Power Valuation Services.
