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Pickups and SUVs Drive Up New Car Prices in November
One tactic that OEMs are leveraging in order to offset some of this growth is the use of incentives.
THE NUMBER 1 RESOURCE FOR VOCATIONAL TRUCK FLEETS
THE NUMBER 1 RESOURCE FOR VOCATIONAL TRUCK FLEETS
One tactic that OEMs are leveraging in order to offset some of this growth is the use of incentives.
Ford and Toyota had the most models named as having the best certified pre-owned value among 37 segments by Vincentric, the vehicle valuation firm announced.
Peterbilt announced a new warranty option for Red Oval Certified Pre-Owned truck customers.
The pricing for medium-duty trucks at auction was down for the second month in a row in September, according to J.D. Power’s October Commercial Truck Guidelines Industry Update.
Record-setting orders for new Class 8 trucks are apparently not creating a used-truck glut, if used-truck prices are any indication. However, the growth in prices is expected to slow.
Commercial Truck Trader announced the election of Terry Williams, strategic relationships manager, to the Used Truck Association 2019 Board of Directors.
Military AutoSource (MAS) in partnership with Petty’s Garage will auction off a Warrior Edition Ford F-150 truck to benefit Paralyzed Veterans of America.
Used truck prices stayed relatively flat in July but remained at favorable levels compared with the same month a year ago, according ACT Research.
The Ram 3500 earned the best resale value award for the heavy-duty pickup segment. The Ram 3500 was also the overall winner for best resale value in 2018.
While the average price of used Class 8 trucks was flat in June compared to the previous month, they have risen 15% over last year.
Recent Class 8 trade volumes have been lower than predicted, which means pricing has been more stable than expected for used trucks, according to J.D. Power & Associates.
According to J.D. Power and Associates, higher volumes of both heavy- and medium-duty used trucks caused prices to fall off "substantially" in February.
Three-year-old full-size vans retained the most value among trucks, vans, and SUVs in the wholesale used vehicle market, according to Tom Kontos, KAR Auction Services' chief economist.
Used truck prices are holding steady, with supply still dictating pricing. That’s the word from J.D. Power’s Commercial Truck Guidelines for March, which notes that February is the first month in any new year with a high enough volume of used truck auctions to allow analysts to identify market trends.
Your primary goal is to spec a truck to meet the intended job function, but how it is spec’ed has a direct bearing on future resale value. Therefore, it is similarly important to maintain a remarketing mindset when identifying specs.
As vintage Chevrolet trucks increase in popularity with enthusiasts, more trucks are going up for auction and sale prices for the most coveted trucks keep increasing. As we look back at 100 years of Chevy truck history, here’s a gallery of the nine most expensive Chevrolet trucks sold at Barrett-Jackson auctions to date. Photos courtesy of General Motors.
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