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Used-Truck Prices December 2020

Used-Truck Prices December 2020

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Used-Truck Prices December 2020

As of Dec. 1, 2020, all truck classes from pickups to medium-duty Class 5-6 as well as Class 7-8 heavy-duty trucks saw a decrease in wholesale prices month-over-month.

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Used-Truck Prices February 2021

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As of Feb. 1, 2021, all truck classes experienced decreases in wholesale values over the past month.After a small bump in January 2021, all truck classes from pickups to medium-duty Class 5-6 as well as Class 7-8 heavy-duty trucks continued to see month-over-month decreases in wholesale prices since October 2020. Class 8 heavy-duty trucks recovered from the huge dip seen in August 2020 but have are back on a downward trend once again. Values are provided by Black Book, and reflect pricing as of Feb. 1, 2021. Black Book truck prices are updated regularly, and reflect wholesale values gathered from auctions around the country via onsite personnel and data feeds. Retail values are based on market studies.

2020 Fleet Statistics: Sustainability and Fuel Consumption

By Heavy Duty Trucking

EPA SmartWay data from 2018 shows Class 7, 8A, and 8B mileage-weighted miles per gallon data for each truck category for SmartWay program participants. Not surprisingly, Class 7 trucks had the highest urban drive cycle percentages, since many more of these types of trucks are involved with last-mile deliveries, which consist of more stops along the route. Normally, the mpg would be much lower with this type of driving, but the greatly reduced payloads also reduced the fuel consumption.Miles per gallon of single-unit trucks (based on total travel and fuel consumption) increased by 2.7% from 7.3 mpg to 7.5 mpg from 2007 to 2018. Total fuel consumption declined slightly as single-unit trucks traveled 20.9% fewer miles per vehicle.

2020 Fleet Statistics: Sustainability and Zero-Emission Models

By Heavy Duty Trucking

Phase 2 of the heavy-duty truck greenhouse gas emissions and fuel efficiency standards mandated by the Environmental Protection Agency and National Highway Traffice Safety Administration are projected to lower CO2 emissions by approximately 1.1 billion metric tons. Fuel consumption will decline as the new rules become tighter.The number of models of zero-emission trucks, buses, and off-road equipment available globally is expected to double between the end of 2019 and 2023, according to an analysis by Calstart. Medium-duty trucks have the most models available between now and 2023, and this segment is showing the fastest growth, with 81 electric MD trucks by 2023, 67 of which will be available in the U.S. and Canada.

Used-Truck Prices January 2021

By Work Truck

As of Jan. 1, 2020, all truck classes have experienced decreases in wholesale values over the past month.As a matter of fact, all truck classes from pickups to medium-duty Class 5-6 as well as Class 7-8 heavy-duty trucks have been seeing decreases in wholesale prices month-over-month since October 2020. Class 8 heavy-duty trucks recovered from the huge dip seen in August 2020 but have continued to level out from the climb in October. Values are provided by Black Book, and reflect pricing as of Jan. 1, 2020. Black Book truck prices are updated regularly, and reflect wholesale values gathered from auctions around the country via onsite personnel and data feeds. Retail values are based on market studies.Related: December 2020 Used Truck Prices

2020 Fleet Statistics: Logistics, Cass Truckload, Spot Market Rates

By Heavy Duty Trucking

The Cass Truckload Linehaul Index is a measure of market fluctuations in per-mile truckload linehaul rates, independent of additional cost components such as fuel and accessorials. The decline that started in 2019 has seen a slight uptick starting in mid-2020.Spot rates were all about the old adage “what goes up must come down.” After strong growth in 2017 and 2018, rates in 2019 were sharply negative through mid-year before firming.U.S. business logistics costs, as calculated in CSCMP’s 2020 State of Logistics Report, sponsored by Penske and authored by A.T. Kearney, rose 0.6% in 2019 to reach $1.63 trillion, or 7.6% of the $21.43 trillion GDP, a 2.3% growth over 2018. The logistics industry grew as well, seeing $1.63 billion in expenditures. With 2018's fast GDP growth and capacity shortages leading to logistic costs being the highest percentage of GDP since 2018, 2019 was a return to normal.

2020 Fleet Statistics: Disaster Planning & COVID-19

By Heavy Duty Trucking

The pandemic could drive more fleets to consider emergency planning. A joint survey by the American Transportation Research Institute and the Owner-Operator Independent Drivers Association found that 45% of respondents did not have such plans before the pandemic.Additionally, nearly one-quarter of truck fleets have been experiencing increased vehicle ownership costs during the pandemic

Used-Truck Prices November 2020

By Work Truck

As of Nov. 1, 2020, all truck classes declined in overall wholesale values.Values are provided by Black Book, and reflect pricing as of Nov. 1, 2020. Black Book truck prices are updated regularly, and reflect wholesale values gathered from auctions around the country via onsite personnel and data feeds. Retail values are based on market studies.

Used-Truck Prices October 2020

By Work Truck

As of Oct. 1, 2020, pickup trucks continued the dramatic and steady month-over-month increase in wholesale values from June to October 2020.Medium-duty Class 5 and 6 as well as Class 7-8 heavy-duty trucks saw a rise in wholesale prices month-over-month. Class 8 heavy-duty trucks recovered from the huge dip seen in August 2020 to rise with the rest of the truck classes. Class 4 medium-duty trucks were still on the rise, although more slowly than the other truck classes. Values are provided by Black Book, and reflect pricing as of Oct. 1, 2020. Black Book truck prices are updated regularly, and reflect wholesale values gathered from auctions around the country via onsite personnel and data feeds. Retail values are based on market studies.Related: September 2020 Used Truck Prices

Used-Truck Prices September 2020

By Work Truck

As of Sept. 1, 2020, pickup trucks continued the dramatic and steady month-over- increase in wholesale values from June to September 2020.Medium-duty Class 5 and 6 as well as Class 7 heavy-duty trucks saw stability in wholesale prices month-over-month with a slight increase over August numbers. Class 4 medium-duty units saw a moderate wholesale value increase, but not as drastic as the other medium-duty truck classes. After a large decrase in heavy-duty Class 8 wholesale values in August 2020, prices are again on the riise. Values are provided by Black Book, and reflect pricing as of Sept. 1, 2020. Black Book truck prices are updated regularly, and reflect wholesale values gathered from auctions around the country via onsite personnel and data feeds. Retail values are based on market studies.Related: August 2020 Used Truck Prices

Used-Truck Prices August 2020

By Work Truck

As of Aug. 1, 2020, pickup trucks saw a huge spike in wholesale values from June to July 2020. Medium-duty Class 5 and 6 as well as Class 7 heavy-duty trucks saw stability in wholesale prices month-over-month. Class 4 medium-duty units saw a moderate wholesale value increase, but not as drastic as pickup trucks. Values are provided by Black Book, and reflect pricing as of Aug. 1, 2020. Black Book truck prices are updated regularly, and reflect wholesale values gathered from auctions around the country via onsite personnel and data feeds. Retail values are based on market studies.Related: July 2020 Used Truck Prices

Used-Truck Prices July 2020

By Work Truck

As of July 1, 2020, average wholesale values for all model-year 2015-2017 truck classes experienced some form of increase in value, except Class 7 medium-duty. Pickup trucks experienced a large increase in values, while Class 4 and Class saw moderate increases. Class 5 and Class 6 stayed stable, while Class 7 decreased slightly. Values are provided by Black Book, and reflect pricing as of July 1, 2020. Black Book truck prices are updated regularly, and reflect wholesale values gathered from auctions around the country via onsite personnel and data feeds. Retail values are based on market studies.

Used-Truck Prices June 2020

By Work Truck

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. Class 5 and Class 6, medium-duty units experienced the largest overall decreases in wholesale values, with heavy-duty trucks slowing down their drops after a huge comeback from January to April 2020. It is clear that the current COVID-19 pandemic is having an impact on resale values.Values are provided by Black Book, and reflect pricing as of June 1, 2020. Black Book truck prices are updated regularly, and reflect wholesale values gathered from auctions around the country via onsite personnel and data feeds. Retail values are based on market studies.

Used-Truck Prices May 2020

By Work Truck

As of May 1, 2020, all truck classes experienced a dropin resale values for 2015-2017 model-year units compared with the rise each class saw last month. Heavy-duty trucks have experienced the biggest drop of all truck classes in May after a huge comeback in April. It is clear that the current COVID-19 pandemic is having an impact on resale values, but it's still too early to determine the full overall impact. Values are provided by Black Book, and reflect pricing as of May 1, 2020. Black Book truck prices are updated regularly, and reflect wholesale values gathered from auctions around the country via onsite personnel and data feeds. Retail values are based on market studies.

Used-Truck Prices April 2020

By Work Truck

As of April 1, 2020, all truck classes experienced a rise in resale values for 2015-2017 model-year units. Heavy-duty trucks have experienced the biggest comeback since their dip in values in January 2020. It is still yet too early to determine how the current COVID-19 pandemic may impact resale values for these truck models.Values are provided by Black Book, and reflect pricing as of April  1, 2020. Black Book truck prices are updated regularly, and reflect wholesale values gathered from auctions around the country via onsite personnel and data feeds. Retail values are based on market studies.

Used-Truck Prices March 2020

By Work Truck

As of March 1, 2020, we are back to a mix of increases and decreases in 2015-2017 model-year truck resale values. Class 8, heavy-duty trucks are continuing to rebound after some big drops n December. Pickups, Class 4, and Class 5 trucks all saw modest decreases compared with the previous month, while Class 6 was the only truck class to increase slightly in resale. Values are provided by Black Book, and reflect pricing as of March 1, 2020. Black Book truck prices are updated regularly, and reflect wholesale values gathered from auctions around the country via onsite personnel and data feeds. Retail values are based on market studies.

2019 Global Statistics: Investments in Tech Start-Ups

By TruckingInfo

The increasing maturity and stability of trucking technology start-ups is evidenced by a decline in the volume of early-stage deals in 2018 to 1.3% compared to 45% in 2017 and 60% in the prior period 2013–2016.Global funding for trucking technologies touched a record $1 billion in 2017 and has continued to grow in 2018, with increasing investments toward growth.

Used-Truck Prices February 2020

By Work Truck

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. Pickups saw the most moderate increase, while Class 6 and Class 7 medium-duty trucks saw some slightly larger month-over-month increases. Values are provided by Black Book, and reflect pricing as of Feb. 1, 2020. Black Book truck prices are updated regularly, and reflect wholesale values gathered from auctions around the country via onsite personnel and data feeds. Retail values are based on market studies.

2019 Global Statistics: Commercial Vehicle Registrations & Production

By TruckingInfo

New truck registrations across the European Union grew by 3.5% last year compared to 2017.Full-year results were diverse among the five key EU markets. France, Italy and Germany posted positive results in 2018, but truck demand fell in the UK and Spain.More 2.6 million commercial vehicles were produced in the European Union in 2018, a big jump since the 2009 47.8% drop in year-over-year numbers.

Used-Truck Prices January 2020

By Work Truck

As of Jan. 1, 2020, all 2015-2017 model-year truck classes except Class 7 medium-duty units experienced a decrease in resale values. Pickups and Class 4 trucks saw the most moderate declines, with Class 6 and Class 8 trucks dropping significantly in resale values. Class 7 trucks were the only class that experience an increase (albeit moderate) after three strraight months of decline. Values are provided by Black Book, and reflect pricing as of Jan. 1, 2020. Black Book truck prices are updated regularly, and reflect wholesale values gathered from auctions around the country via onsite personnel and data feeds. Retail values are based on market studies.

Used-Truck Prices December 2019

By Work Truck

As of Dec. 1, 2019, pickup truck values continued their downward trend a bit more steeply between November and December 2019 since a peak in June. Class 4, Class 5, and Class 6 trucks saw an increase in wholesale values while Class 7 and 8 values continued to decline since October. Values are provided by Black Book, and reflect pricing as of Dec. 1, 2019. Black Book truck prices are updated regularly, and reflect wholesale values gathered from auctions around the country via onsite personnel and data feeds. Retail values are based on market studies.

Used-Truck Prices November 2019

By Work Truck

As of November 1, 2019, pickup truck values have continued a slow, downward trend since a peak in June 2019.  Class 4 trucks saw a slight increase in values while Class 5 and Class 6 trucks experienced a continued decrease in values.  Values are provided by Black Book, and reflect pricing as of November 1, 2019. Black Book truck prices are updated regularly, and reflect wholesale values gathered from auctions around the country via onsite personnel and data feeds. Retail values are based on market studies.

2019 Parts & Service Statistics: Aftermarket & Demand

By TruckingInfo

As in 2017, for-hire and private fleets account for half of aftermarket parts demand of Class 6-8 trucks and trailers. Both for-hire and private fleets have increased by 4 percentage points and 3 percentage points, respectively. The dealer is the preferred outlet for parts with 49% of aftermarket demand. In 2018, the specialist category increased by 1 percentage point, while the engine channel decreased by 2 percentage points.

2019 Truck Insight Statistics - Truck Sales & Class 8 Trade Cycles

By TruckingInfo

Dealers have increased both new and used truck sales by 27% and 36% between 2016 and 2018, respectively. To get a more complete picture of the trade cycle strategies, when those fleets that lease the majority of their equipment were removed, the trade cycles lengthened slightly to 6.8 years (exactly the same as last year’s reported average and up from the previous year’s 6.75 years. Equipment turns averaged 649,000 miles, down from the 665,000 miles reported last year and down from 681,200 miles for this same class of vehicle reported two years ago.

2019 Truck Insights Statistics - Class 8 Orders

By TruckingInfo

For U.S. Class 8, orders averaged 40,800 units per month in 2018, but for the first half of 2019, just 14,600 per month. Similarly, U.S. trailer orders averaged 35,100 units/mo. in 2018, and have managed just 13,500 units per month in the three months ending May. Much of the weakness in orders in the first half of 2019 is a reflection of the strength in orders in 2018 and the large, filled backlogs at the start of the year. We are just at the point where the order focus will shift to 2020, so weakness from here on out will be more indicative of future activity than the order weakness experienced year to date. Despite the slowdown in orders and falling backlogs, demand for used equipment persists at high levels. In April 2019, average used prices were up nearly 15% from a year earlier. Strength in used equipment, like new equipment, is attributed both to strong carrier profitability tailwinds into 2019 and the rapid improvements in technology and fuel economy that have come into the fleet in the current decade. Replacing an older truck with a fuel-efficient late model truck will help to offset falling freight rates.