Class 8 retail pricing up 7.1% month-over-month Most segments of the used truck market are performing extremely well, with price appreciation widespread, according to analysts from J.D. Power Valuation Services, as reported in the June 2021 Commercial Truck Guidelines Industry Update. Additionally, after a full year of recovery in the freight markets, late-model sleeper tractors remain […]
The Sandhills EVI for heavy-duty trucks posted a 44.1% year-over-year auction value increase in May Asking values for used commercial trucks and construction equipment in the United States continue to increase while farm machinery asking values continue to hold steady, according to a new Sandhills Global Market Report. The report affirms that heavy-duty sleeper and day cab trucks, excavators, […]
The used truck market shifts more rapidly and drastically than the general macroeconomy, and in the third quarter we’ll start to watch for an uptick in off-lease units Class 8 auction pricing remains sky-high with retail pricing increasing and medium duty had another great month, according to analysts from J.D. Power Valuation Services, as reported […]
ACT Research reports Month-over-month comparisons for April 2021, which showed that average prices increased 5% Preliminary used Class 8 volumes (same dealer sales) dropped 2% month-over-month, but rose 51% y/y in April. Through the first four months of the year, activity is 29% higher compared to the same period a year ago, according to the […]
The acquisition expands Nextran’s footprint nationally Nextran Truck Centers, a full-service, commercial truck dealer network, has entered into an agreement to acquire Kansas City-based Westfall GMC Truck, Inc. and Westfall-O’Dell of Colorado, Inc. The acquisition of Westfall-O’Dell expands Nextran’s footprint from 18 locations across the Southeast to 25 locations across Florida, Georgia, Alabama, Missouri, Colorado, Kansas and Wyoming. This acquisition will be one of the […]
Impacts of chip shortages and production delays felt on the resale channel Price Digests, a leading provider in vehicle data, analytics, and automation for commercial lines insurers, reports that average list prices for used commercial trucks (classes 4 through 8) have been increasing since Q2 2020. Average prices from Q2 2020 to Q1 2021, have gone up 13.6%, with heavy-duty […]
