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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

March 23, 2017 - Industry News

Wholesale Pricing and Volume Down for Medium-Duty Trucks at Start of Year

Medium-duty trucks at auction have had a shaky start to 2017, with both volume and pricing down compared to the same time last year, according to NADA Used Car Guide’s March 2017 Commercial Truck Guide Industry Update. However, with a boost in demand expected in the latter half of the year, medium-duty trucks should finish off this year in better shape than in 2016.

Tags: Remarketing, Medium-Duty Trucks, Used Truck Sales, Used Vehicle Values

March 14, 2017 - Product News

FLD Adds Truck Inspection Template to Inspection App

Delray Beach, Fla.-based FLD, Inc. has added an inspection template for industrial lift trucks to its OnceOVR Pro mobile app for completing vehicle condition reports, the remarketing services provider has announced.

Tags: Inspections, FLD, Mobile Apps, Forklift

March 8, 2017 - Industry News

Small Pickups Showing Strongest Retained Value

Goyal

Small pickups performed the best in February, according to Black Book, increasing their value by 0.2%. Vehicles in the small pickups segment include the Toyota Tacoma, Chevrolet Colorado, Nissan Frontier, and Honda Ridgeline.

Tags: Depreciation, Black Book, Used Vehicle Sales, Mid-Size Pickups

February 27, 2017 - Industry News

Vehicle Depreciation to Reach 17.8% in 2017

Chart courtesy of Black Book.

The vehicle depreciation rate will reach 17.8% in 2017 on 17 million new-vehicle sales, slightly higher than the 17.3% mark recorded in 2016, according to latest forecast from Black Book and Fitch Ratings. Prior to the Great recession, annual depreciation trended between 16% and 18%.

Tags: Remarketing, Black Book, Used Vehicles, Fitch Ratings

February 23, 2017 - Industry News

IronPlanet Debuts Marketplace Direct Platform

Screenshot from Iron Planet Marketplace Direct website.

IronPlanet has debuted a new Marketplace Direct platform that offers advanced, self-listing functionality for larger-scale equipment sellers.

Tags: Remarketing, Online Auctions, IronPlanet, Cloud-Based Technology

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