As of April 1, 2020, all truck classes experienced a rise in resale values for 2015-2017 model-year units.
Heavy-duty trucks have experienced the biggest comeback since their dip in values in January 2020. It is still yet too early to determine how the current COVID-19 pandemic may impact resale values for these truck models.
Values are provided by Black Book, and reflect pricing as of April 1, 2020. Black Book truck prices are updated regularly, and reflect wholesale values gathered from auctions around the country via onsite personnel and data feeds. Retail values are based on market studies.
By Work Truck
The number of models of zero-emission trucks, buses, and off-road equipment available globally is expected to double between the end of 2019 and 2023.
Spot rates were all about the old adage “what goes up must come down.” After strong growth in 2017 and 2018, rates in 2019 were sharply negative through mid-year before firming.
The pandemic could drive more fleets to consider emergency planning and has increased vehicle operating expenses for many fleets.
How has COVID-19 impacting truck fleets related to their business and overall number of loads? How might it have actually improved things?
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