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Demand has been healthy, inventories tight, and dealers have felt little pressure to lower prices.
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The average listing price surpassed the $22,000 mark for the first time ever in April, closing the month at a new high of $22,568.
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As of March. 1, 2021, all truck classes experienced decreases in wholesale values over the past month.
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As of Jan. 1, 2020, all truck classes experienced decreases in wholesale values over the past month.
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As of Nov. 1, 2020, all truck classes declined in overall wholesale values.
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Wholesale used vehicle prices increased 0.47% month-over-month in October, bringing the mid-month Manheim Used Vehicle Value Index to 161.9, a 15.4% increase from October 2019.
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As of Oct. 1, 2020, pickup trucks continued the dramatic and steady month-over-month increase in wholesale values from June to October 2020.
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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.
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As of Feb. 1, 2020, all 2015-2017 model-year truck classes experienced an increase in resale values. Class 8, heavy-duty trucks experienced the biggest dip in January 2020 and experienced the biggest rebound in February.
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One tactic that OEMs are leveraging in order to offset some of this growth is the use of incentives.
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