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Truck Values Strengthen at Start of Summer
Car values continued to weaken and truck values strengthened last week, as the summer months approach.
THE NUMBER 1 RESOURCE FOR VOCATIONAL TRUCK FLEETS
THE NUMBER 1 RESOURCE FOR VOCATIONAL TRUCK FLEETS
Car values continued to weaken and truck values strengthened last week, as the summer months approach.
Spring has come to an end, with cars declining in values greater than trucks.
Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by just 0.01% last week.
Gov. Greg Abbott issued a proclamation to make April 11, 2019 Remanufacturing Day in the State of Texas.
Overall truck segments are declining but some truckmakers saw increases of up to 5% due to new 1/2-ton pickups.
Arrow Truck Sales, Inc. announced that Jeffrey Oldham has been appointed company president. Oldham will replace Steve Clough, who retired from the company.
Peterbilt has expanded its 90-day Vehicle Assurance Warranty to cover all Peterbilt Red Oval Certified trucks.
Black Book's ValuEngine batch processing tool now offers Enhanced Vehicle Matching, a more precise VIN-level valuation tool powered by machine learning and natural language processing.
Extending replacements too long can result in added repair and maintenance costs but replacing a vehicle too soon can leave money on the table in terms of vehicle life.
Hino Trucks announced the expansion of its Certified Ultimate dealer network with the addition of eight locations across the United States.
A steady supply, thriving shipping market, and increased demand helped stabilize wholesale values going into 2019.
Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by 0.42% last week. In comparison, the market values decreased by 0.58% on average during the prior four-week period.
Propane autogas vehicles provide a lot of value when it is time to replace or retire the asset, whether fleet owners plan to sell privately, at a public auction, or trade-in the vehicle. Here are a few things to consider when making the decision.
Prices and volume are not expected to plummet in 2019, but industry experts seem to feel that the best-case scenario will be a plateau, and more realistically, will fall slightly.
The City of Houston’s severely aged refuse collection fleet has led to overflowing trash bins and significant technician overtime cost. The city is considering options to supplement its services.
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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