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October 13, 2017 - Industry News

Peterbilt's Gansle Named to Used Truck Association Board

Anthony Gansle, Peterbilt’s director of marketing and sales. Photo: Peterbilt

Peterbilt has announced that Anthony Gansle, director of marketing and sales, has been elected to the Used Truck Association's board of directors.

Tags: Peterbilt, Leadership, People, Used Trucks

October 12, 2017 - Industry News

Hurricane Replacement Still Boosting Used Vehicle Prices

The average price of used vehicles model years 2012-2016 fell 0.7% in September, with the lion’s share of that depreciation coming from the car segment, according to Black Book. As of September, all vehicles are averaging a 12-month depreciation of 14.5%.

Tags: Depreciation, Remarketing, Black Book, Used Vehicle Values

September 20, 2017 - Industry News

Fleet Lease Consignor Prices Climb Higher

Screenshot of Tom Kontos via KAR Auction Services.

Fleet lease consignor prices moved higher in August, increasing 1.4% over July and 2.3% through the first eight months of the year compared with 2016, according to the Sept. 20 Kontos Kommentary.

Tags: Tom Kontos, KAR Auction Services, Used Vehicle Values, Remarketing

September 15, 2017 - Press Release

SelecTrucks Offers All-Star Promotion

Both owner-operators and fleet customers can see a significant benefit by selecting one of three attractive discounts when they purchase an eligible used truck from any SelecTrucks Center in America.

Tags: Used Trucks, SelecTrucks

September 5, 2017 - Industry News

Wholesale Medium-Duty Truck Values Continue to Fall

Photo via Wikimedia.

Depreciation among wholesale medium-duty trucks continued to rise through July and August, according to Black Book’s September Specialty Markets report.

Tags: Remarketing, Black Book, Medium-Duty Trucks, Used Vehicle Values

August 15, 2017 - Industry News

Used Truck Prices Hold Firm in July

According to J.D. Powers, the average sleeper tractor retailed last month was 74 months old, had 443,714 miles and sold for $47,728. Photo: Evan Lockridge

J.D. Powers analysts found prices for used trucks remain high as volume levels dropped, while retail prices continue to hold steady as well.

Tags: J.D. Power, Class 8, Used Vehicle Sales, Used Vehicle Values

August 8, 2017 - Industry News

Medium-Duty Truck Values Stumble This Summer

Courtesy of Wikimedia.

As the summer season continues, one trend is emerging for medium-duty trucks — declining auction prices, according to Black Book’s August Specialty Markets report.

Tags: Black Book, Medium-Duty Trucks, Remkarketing, Used Vehicle Values, Used Truck Sales

July 28, 2017 - Industry News

Black Book Analyzes Classic Truck Values

Image of 1957 Dodge D100 Sweptside Pickup truck courtesy of Mecum Auctions. The auction estimate for this truck is between $50,000-$75,000.

Black Book looked at some popular trucks over the years and analyzed their valuations at recent collectible auctions:

Tags: Pickup Trucks, Black Book, Auctions, Classic Car Auction, Automotive History

July 17, 2017 - Industry News

Small Pickups Show Low Depreciation, Value Gain

Goyle

Over the past three months, two segments have shown unchanged value or an increase in overall value: Full-Size Pickups are unchanged, and Small Pickups have gained +0.2% in value.

Tags: Depreciation, Pickup Trucks, Light-Duty Trucks, Truck Resale, Black Book

July 5, 2017 - Industry News

Truck Values Remain Stable

SOURCE: BLACK BOOK

Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by just 0.03% last week, better than the average decrease of 0.17% per week in the previous four weeks.

Tags: Pickup Trucks, Black Book, Medium-Duty Trucks, Heavy-Duty Trucks, Truck Resale

June 30, 2017 - Industry News

New-Vehicle Sales Down 2.3% in First Half of 2017

Photo via Creative Commons.

New-vehicle sales through the first six months of 2017 are expected to be down 2.3%, and high quality off-lease vehicles may be part of the reason why, according to Kelley Blue Book.

Tags: Remarketing, Used Vehicles, New Vehicle Sales, KBB

June 29, 2017 - Industry News

IARA 16th Annual Summer Roundtable Heading to Nashville

IARA will be hosting its 16th Annual Summer Roundtable in Nashville this year. The three-day event will be held at the Hilton Downtown Nashville on Aug. 16-18.

Tags: IARA, Remarketing, IARA Summer Roundtable

June 9, 2017 - Industry News

Used Vehicle Depreciation Accelerates in May

Photo of 2015 Ram ProMaster courtesy of FCA.

Used vehicle prices experienced a reversal in May, falling 1.2% from the previous month, according to Black Book.

Tags: Depreciation, Remarketing, Black Book, Used Vehicle Sales

June 8, 2017 - Industry News

Truck Segment Remains Fairly Stable

Source: Black Book

When weighted for volume, the overall truck segment values (including pickups, SUVs, and vans) decreased by 0.08% last week, which is better than the average decrease of 0.21% per week in the previous four weeks.

Tags: Resale Value, Black Book, Truck Values, Used Vehicle Values

May 31, 2017 - Industry News

Trucks Continue to Show Slow Depreciation

SOURCE: BLACK BOOK USA

This week’s Black Book Market Insights report looks at the truck segments that are picking up less weekly depreciation compared with cars, signaling that summer is fast approaching.

Tags: Resale Value, Pickup Trucks, Black Book, Full-Size Trucks, Truck Values

May 26, 2017 - Industry News

Fleets Bear the Pain in Glut Market for Used Trucks

A classic glut has created a buyer's market for good quality, low-mileage Class 8 tractors. Photo: Ritchie Bros.

Industry experts say a glut of used trucks remains on the market and, in extreme cases, some fleets actually owe more for equipment than it is now worth on the secondary market.

Tags: Fleet Management, Used Vehicle Sales, Equipment Issues, Used Truck Sales

May 24, 2017 - Industry News

Medium-Duty Truck Resale Holding Up

Average wholesale selling prices for four to seven year old Class 4 and Class 6 trucks (Source: JD Power)

Generally, medium-duty segments are holding up well, with cabovers and lighter GVW conventional trucks performing the best.

Tags: J.D. Power, Medium-Duty Trucks, Truck Resale

May 22, 2017 - Industry News

International Opens Used Truck Center

International Truck announced the grand opening of the new flagship Used Truck Center in Melrose Park, Ill.

Tags: International Trucks, Used Truck Sales

May 5, 2017 - Industry News

Pickup Trucks See Wholesale Gains

Manheim Used Vehicle Value Index, April 2017

Overall wholesale used-vehicle prices (on a mix-, mileage-, and seasonally-adjusted basis) improved 0.5% month-over-month in April. On a year-over-year basis in April, only pickups saw gains greater than the overall market.

Tags: Manheim, Used Trucks

May 3, 2017 - Industry News

Small Car Depreciation Improves in April

Used vehicle values increased slightly in April as tracked by Black Book's Used Vehicle Retention Index that measures values of 2- to 6-year old vehicles, according to the company.

Tags: Remarketing, Black Book, Compact SUVs, Subcompact Cars, Compact Cars

April 25, 2017 - Industry News

Ford, Nissan Top Vincentric's Fleet Value List

Logo: Vincentric

Ford and Nissan vehicles appeared most prominently among the vehicles chosen as having the best fleet value by Vincentric for the 2017 model year, the firm that analyzes total cost of ownership announced.

Tags: Vincentric, Nissan, Ford, Awards, TCO, Operating Costs

April 24, 2017 - Industry News

Yoder & Frey Adds Construction Equipment Auction Dates

Going under the hammer will be a good mix of lots including heavy earth moving equipment, trucks, and dozers, to garage equipment, tools, and spares. (Photo courtesy of Yoder & Frey)

Yoder & Frey will be holding the next auction in its 2017 program on April 27, at its independent site in Ashland, Ohio. Going under the hammer will be a good mix of lots including heavy earth moving equipment, trucks, and dozers, to garage equipment, tools, and spares.

Tags: Auctions, Construction Fleets, Yoder & Frey

April 7, 2017 - Industry News

Used Vans, Cars Bolster March Depreciation

Photo of 2014 Chevrolet Express courtesy of GM.

Used cars outperformed trucks in March, as full-size pickups, compact vans, compact cars, and sporty cars increased in value, while as overall used vehicles depreciated 0.6%, according to Black Book.

Tags: Remarketing, Black Book, Compact Vans, Large Pickups

March 29, 2017 - Press Release

IronPlanet Updates allEquip Format

IronPlanet, an online marketplace for selling and buying used equipment and other durable assets, debuted its next generation allEquip fixed and negotiated pricing format.

Tags: Financing, IronPlanet, TruckPlanet, GovPlanet

March 28, 2017 - Industry News

Used Truck Sales See Bump Compared to 2016

Used Class 8 truck sales volumes in February were higher overall than in 2016 and they improved for a second consecutive month, according to an ACT Research Report.

Tags: Truck Sales, ACT Research, Used Trucks, Used Truck Sales

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