As of May 1, 2020, all truck classes experienced a dropin resale values for 2015-2017 model-year units compared with the rise each class saw last month.
Heavy-duty trucks have experienced the biggest drop of all truck classes in May after a huge comeback in April. It is clear that the current COVID-19 pandemic is having an impact on resale values, but it's still too early to determine the full overall impact.
Values are provided by Black Book, and reflect pricing as of May 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
As of Dec. 1, 2020, all truck classes from pickups to medium-duty Class 5-6 as well as Class 7-8 heavy-duty trucks saw a decrease in wholesale prices month-over-month.
The pandemic could drive more fleets to consider emergency planning and has increased vehicle operating expenses for many fleets.
As of Nov. 1, 2020, all truck classes declined in overall wholesale values.
How has COVID-19 impacting truck fleets related to their business and overall number of loads? How might it have actually improved things?
As of Oct. 1, 2020, pickup trucks continued the dramatic and steady month-over-month increase in wholesale values from June to October 2020.
As of Sept. 1, 2020, pickup trucks continued the dramatic and steady month-over- increase in wholesale values from June to September 2020.
As of Aug. 1, 2020, pickup trucks saw a huge spike in wholesale values from June to July 2020.
As of July 1, 2020, average wholesale values for all model-year 2015-2017 truck classes experienced some form of increase in value, except Class 7 medium-duty.
As of June 1, 2020, all truck classes continued to experience a drop in resale values for 2015-2017 model-year units. This is the second month of decreases following the rise in all values in April 2020.
Likely one of the most important tasks a fleet manager must handle is vehicle maintenance. A truck that isn’t working can’t accomplish its job; it’s a simple fact.
As of April 1, 2020, all truck classes experienced a rise in resale values for 2015-2017 model-year units.
As of March 1, 2020, we are back to a mix of increases and decreases in 2015-2017 model-year truck resale values.