Unprecedented high prices for used trucks a year ago have plummeted as new truck production moved past supply shortages.
Josh Smith, vice president at Variant and over-the-road operations at U.S. Xpress, spoke to FreightWaves about the Variant program and how technology and operations are vital to success in trucking.
El aumento de la fabricación de camiones nuevos ha contribuido a invertir los costos de adquisición en subastas y al por menor.
On Tuesday, FreightWaves interviewed Josh Bouk, president of Trax Technologies, about the recent Securities and Exchange Commission rule-making recommendation back in March 2022 regarding scope 3 emissions. Scope 3 is a part of a larger greenhouse gas emissions overhaul by the SEC, the intent being for companies to disclose their impact on the environment.
Drivers who paid top dollar for a used truck in the past year are probably kicking themselves, if not just taking the hit and walking away.
Used trucks commanded lower prices at auction and retail in July as the overheated equipment market continued to cool.
Los conductores que persiguen las tarifas al contado se rinden ante la caída de las mismas
Auction prices for used trucks are dropping as more equipment shows up amid cooling spot freight demand.
Used truck auction prices started to ease in April as freight demand slowed, but they remain more than twice as expensive as a year ago.
The unrelenting rise of used truck prices in auctions and at retail appears to be immune even to the threat of an economic slowdown.
Used truck prices continued to rise as 2021 ended with a short supply of late-model used trucks the main culprit, but there were other reasons too.
Drivers and fleets can get loans to pay sky-high prices for used trucks because spot rates let them earn more than enough to repay.
Fleets and individual truckers buying at today’s elevated prices
assume a big risk when the used equipment market normalizes.
Sought-after used trucks nearly double in year-over-year price, according to J.D. Power Valuation Services.
Used truck prices continue to fly higher as demand overwhelms supply of pre-owned models.
Higher prices for used trucks are expected to last into 2022 and when they fall, it will be from a lofty place.
Skyrocketing prices for late-model used equipment bring older, less attractive used trucks to auctions
A double whammy of few new trucks and fleets wanting upgraded equipment in a booming freight market is driving prices to a post-Great Recession peak.
The growing backlog of new truck orders has supercharged pricing for newer used models at auctions, with retail traffic also high.
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 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.
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.
All stakeholders are experiencing used truck momentum despite and because of the lingering pandemic.
With benchmark prices down 26% year over year, analysts pin hopes for a used truck sales recovery to the restart of the economy. March was a tale of contrasts with decent sales early in the month that plummeted later as too many trucks sought too few loads.
Before the coronavirus became a pandemic, used truck sales posted their best performance in two years as low prices and seasonality combined to boost an otherwise slow market for older equipment.
Fleet failures and bankruptcies contributed to a 14% decline in prices in 2019.
It is sort of a hostage situation. New truck orders are stalled until used truck prices go higher.
The number of used Class 8 trucks for sale continues to grow as new equipment deliveries drain the backlog created during a 2018 order binge.
Used truck sales continue to fall but for the first time since January 2018, so are the prices asked for them.
Preliminary used Class 8 truck sales fell for the 10th consecutive month in August as used trucks hit the market in bigger numbers because of new truck deliveries from record orders placed in the latter half of 2018.