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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.
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Because of historically high resale rates, most commercial fleets no longer sell out-of-service medium- and heavy-duty Class 3-8 trucks to their employees.
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There is a shortage of medium-duty trucks in the wholesale market due to the low volume of new units ordered from 2007 to 2010. This inventory shortage is forecast to persist for several years. The net result is higher resale values.
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According to industry analysts, most vehicle segments increased in vehicle depreciation in 2009 due to such factors as extended replacement cycling, shifts in the wholesale vehicle market, and higher capitalized vehicle costs.
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Medium-duty truck sales have declined sharply, as have resale values, due to the recession and the slowdown in new construction. Many fleets are extending service lives, which threatens to increase future maintenance costs.
Read More →Medium-duty truck sales have declined sharply, as have resale values, due to the recession and the slowdown in new construction. Many fleets are extending service lives, which threatens to increase future maintenance costs.
Read More →Most fleet vehicles are purchased by subprime buyers; however, these buyers are now finding it increasingly difficult to qualify for used-vehicle loans. The slowdown in the construction market is dampening demand for used pickups, and full-size work vans.
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