Brandon Cafferky
Wednesday, February 1, 2023
Daily Infographic: Michigan trucking company auctioning equipment after 50 years
Michigan trucking company auctioning equipment after 50 years
Michigan trucking company auctioning equipment after 50 years
The Port of Oakland in California is experiencing a work stoppage and limited access to the container terminals as truckers escalate their protests against the state’s AB5 law.
It’s a bargain hunter’s market for used trucks, especially sleeper cabs, as prices come off the floor but demand for one-owner equipment remained slack in May.
Fleet failures and bankruptcies contributed to a 14% decline in prices in 2019.
The market trends on Class 8 trucks auction are largely positive, with prices becoming stabler while late-model trucks continue to bring in more money year-on-year.