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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.
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Both owner-operators and fleet customers can see a significant benefit by selecting one of three attractive discounts when they purchase an eligible used truck from any SelecTrucks Center in America.
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Overall wholesale used-vehicle prices (on a mix-, mileage-, and seasonally-adjusted basis) improved 0.5% month-over-month in April. On a year-over-year basis in April, only pickups saw gains greater than the overall market.
Read More →Navistar held the Grand Opening of its Used Truck Reconditioning Center (Reconditioning Center) in Melrose Park, Ill.
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Overall, used GVW 3-8 transactions from March 1, 2014 to March 31, 2015 accounted for 51.7 percent of total GVW 3-8 transactions in the U.S. market.
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Equipment and vehicles from utilities and related companies will be auctioned in Michigan, Massachusetts, Florida, and Illinois in the month of March. The auctions will be held Mar. 14, 21 and 28.
Read More →According to a recently released study, used truck volumes for May were down, particularly in the larger Class segments.
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Mitsubishi Fuso Truck of America, Inc. (MFTA) will make a used-truck warranty option available through its authorized dealers for any used FUSO work truck up to seven-years old with less than 300,000 miles on it at time of purchase.
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To get the most value from a used truck, fleet managers looking to auction their units should do a little research and be thoroughly prepared.
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Fleet managers are presented with unique challenges ensuring maximum resale for medium-duty trucks, and understanding the reasons for this as well as current market conditions can help increase overall residuals.
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