Steep Used Truck Price Depreciation Returned in August
August saw a return to a relatively steep depreciation in the price of used Class 8 trucks, according to J.D. Power's Chris Visser, although some of the details are yet to fully materialize.
Used Class 8 Retail Average Price in December Sets Record
The average retail price for a used Class 8 vehicle in December forged ahead to another monthly record as it cleared $82,000. That was 66% higher compared with a year earlier, ACT Research reported.
Consumer Prices Rise 0.2% in September; Used Vehicles Spike
U.S. consumer prices rose slightly in September, led again by sharp increases in the index for used vehicles.
Demand Remains Strong for Used Class 8s in January
Sales of used Class 8 trucks in January fell compared with a year ago, but the average heavy-duty truck brought 10% more money as customer demand remained strong amid a shortage of trucks, ACT Research Co. reported.
Tight Inventory Raises September Used Truck Prices
The sale price of the average Class 8 used truck jumped 13% in September amid ongoing demand for trucks in a market where freight is plentiful and capacity is tight, ACT Research Co. reported.
Used Truck Prices Jump 16% in August
Strong demand for used trucks continued in August as the average price of a Class 8 vehicle jumped 16% year-over-year in the midst of a historically strong freight market, ACT Research reported.
Editorial: This Hot Market and Used Trucks
Used trucks are a hot commodity, a reflection of the robust demand for capacity that the trucking industry currently enjoys.
May 31, 2018Used Truck Sales Rise 9% in April
Used truck sales in April reached 22,900, up 9% from 21,000 in the same month in 2017, according to ACT Research Co.’s industrywide estimate.
Ryder System Launches Preventive Maintenance Program for Its Pre-Owned Vehicles
Ryder System launched a preventive maintenance program for its pre-owned vehicles, the Miami-based company said. Under the program, customers can finance or prepay for their selected preventive maintenance plan when they purchase a pre-owned vehicle, the company said.
July 5, 2017