SPARTANBURG, S.C. – PACCAR Financial Corp. (PFC) recently opened its second used truck center near Spartanburg, S.C. The new facility offers an extensive selection of premium Kenworth and Peterbilt used trucks to PACCAR dealers, non-PACCAR dealers, independent wholesalers, and retail fleet and owner-operator buyers.
It has been “common wisdom” to replace fleet vehicles in relatively short cycles. Rising costs, however, have led fleet managers to consider lengthening replacement
criteria. There are pros and cons to the practice.
Resale values for pickup trucks have declined by 15-25 percent due to such factors as high fuel prices, tightened consumer credit, and a stagnant construction market.
At the 2008 Conference of Automotive Remarketing (CAR) in Las Vegas, Jim Hallett of ADESA shared his insights on the future of the remarketing industry, in particular, the impact of technology.
As the cost of truck bodies increases due to rising material costs, recycling bodies on new chassis can become more attractive. However, the cost of vehicle downtime to allow for remounting needs to be taken into account.