Is the flux capacitor made famous in “Back to the Future” an answer to more efficient hydrogen storage on Class 8 trucks?
The evidence is far from overwhelming, but the worst of the price depreciation for used trucks may be over.
After months of downward moves, used truck prices ended the year closer to pre-pandemic levels than anytime since COVID hit.
When the floor on auction prices of used trucks is reached late this year, they will still be 20% higher than pre-COVID prices.
Finding a used truck in an overheated market is hard, but personal connections can be an answer, whether it’s the local plumber or the chamber of commerce.
Fleets and individual truckers buying at today’s elevated prices
assume a big risk when the used equipment market normalizes.
Slowdowns in deliveries of new trucks are driving prices of newer used trucks up in the double digits both at dealerships and in auctions.
New Class 8 truck orders are piling up, leading fleets to turn to used equipment to add capacity in a consumer-driven freight market.
Prices are firming and demand is rising for used trucks after more than a year of doldrums mirroring a slowdown in new truck orders.
The recovery in freight pricing led to a five-year high in certain used truck auction volumes in June as crowds of identical used sleeper trucks pushed some prices lower.
