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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 […]
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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 […]
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April New-Vehicle Sales to Break Record Despite Low Inventory; Buyers Will Spend More on New Vehicles Than Any Other April The Retail Sales Forecast New-vehicle retail sales for April 2021 are expected to be the highest ever recorded for the month of April, according to a joint forecast from J.D. Power and LMC Automotive. Retail […]
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Free One-Year Engine and Aftertreatment Warranty for Qualifying Trucks Navistar International Corporation (NYSE: NAV) is now offering a free one-year factory-backed warranty for engine and aftertreatment systems on its most popular used on-highway vehicles. This warranty is available on units purchased from any retail outlet through December 2021 with service backed by a dealer support network of […]
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CBI focuses on inventory status, health, pricing, market trends, and stocking A new report suite created by Work Truck Solutions helps dealers gain actionable insights and improve decision-making for their commercial business. Commercial Business Intelligence (CBI) is an on-demand suite that combines business analytics, data mining, data visualization, and data tools coupled with best practices to […]
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Most buyers and sellers say the sleeper market currently feels strong, but the market is actually only at about the average of the post-Great Recession trend In the February 2021 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported that 2021 pricing started out healthy, as expected, with Class 8 auction results particularly […]
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