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.
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.
Preliminary Class 8 retail sales for September set an all-time record, but large fleet deliveries likely inflated the results that erased the previous record set in December 2006. Meanwhile, the backlog of trucks waiting to be built is falling, which is leading to layoffs..
