Used Class 8 truck prices increased 2% year-over-year in January, but fell 3% over December 2017, according to latest data from ACT Research.
A weak-to-flat market for used trucks is causing Ryder some headaches.
According to a survey of participants on a recent FTR webinar, only 11% of the people believe the ELD impact has been severe. A full 52% say the impact has been moderate while 34% say it is minimal. Three percent don’t believe it’s had any effect.”
Used-truck sales volumes continued their upward trend in October, but the industry is still facing an oversupply of vehicles, according to ACT Research. Class 8 same dealer used truck sales increased 12% month-over-month and 37% over October 2016, the firm said.
Class 8 same dealer used truck sales volumes rose by two dozen units in September, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
Used-truck prices are down slightly this year and some fleets looking to trade in their vehicles may be finding the residual value they expected to get when they acquired these trucks in 2013/14 are just not there right now.
At a cost of $4 billion, the new Tappan Zee Bridge has officially opened in New York City. Technically, one span of the bridge – four lanes open to westbound traffic – opens tonight with the second span scheduled to open in the spring.
Just days after the U.S. Department of Transportation announced it would no longer seek a federal rule to test train and truck operators for sleep apnea, Sen. Minority Leader Chuck Schumer (D-NY) blasted the agency and demanded it reconsider the rule.
While many fleets simply trade in their older equipment for newer equipment and forget about it, the value of used trucks can influence how many new trucks you can buy. That’s why paying attention to the used market can be a good financial strategy for determining trade cycles.
