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Source: Black Book

Used-Truck Prices December 2021

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Source: Black Book

As of Dec. 1, 2021, all truck classes, from pickups to Class 4 medium-duty through heavy-duty Class 8 units, experienced an increase in wholesale values over the prior month.

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Used truck prices cover pickup trucks and the medium-duty Class 3-7 market as well as heavy-duty truck statistics. A 2020-MY Chevrolet Silverado truck is shown. - Source: Black Book

Used-Truck Prices June 2022

By Work Truck

As of June 1, 2022, medium-duty trucks Class 4 through Class 7 experienced a month-over-month drop in overall wholesale values. Pickup trucks were the only vehicle class that experienced a slight uptick in wholesale values in compared to May 2022.  The wholesale values for heavy-duty, Class 8 trucks look more like a rollercoaster ride than any other class between April 2021 and June 2022 - with the largest increases and decreases in value compared to other work truck classifications.  Values are provided by Black Book, and reflect pricing as of June 1, 2022. 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. Dig Deeper: Used-Truck Prices May 2022

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Photo: Black Book

Used-Truck Prices May 2022

By Work Truck

As of May 1, 2022, pickup trucks and medium-duty trucks through Class 7 experienced a month-over-month rise in overall wholesale values. After a dip in February 2022, heavy-duty Class 8 trucks experienced an uptick in wholesale values in both March and April.  Values are provided by Black Book, and reflect pricing as of May 1, 2022. 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.

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Source: Black Book

Used-Truck Prices April 2022

By Work Truck

As of April 1, 2022, pickup trucks and medium-duty trucks through Class 7 experienced a month-over-month drop in wholesale values. After a dip in February 2022, heavy-duty Class 8 trucks experienced an uptick in wholesale values.  Values are provided by Black Book, and reflect pricing as of April 1, 2022. 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.

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Photo: Black Book

Used-Truck Prices March 2022

By Work Truck

As of March 1, 2022, all truck classes experienced a stabilitization of wholesale values with pickup trucks taking a slight dip compared to the prior month. The heavy-duty, Class 8 market has continued a downward value trend since its spike in December 2021. Values are provided by Black Book, and reflect pricing as of March 1, 2022. 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.

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Source: HDT

2020 Fleet Statistics: Private Driver Turnover, Full-Time Driver Snapshot

By Heavy Duty Trucking

Although labor issues remain a significant challenge for respondents in the National Private Truck Council's annual survey, they continued to report retention and turnover performance far better than their for-hire colleagues. (The latest American Trucking Associations turnover figures released, from the third quarter of 2019, showed turnover at large truckload fleets at an annualized rate of 96%, and 73% for smaller fleets.) However, driver turnover continued to creep up, this year reaching close to an all-time high of 18.5%. For comparison purposes, last year, private fleets reported turnover of 16.9%, up a point and a half over the previous year’s 15.4% average turnover.

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Source: HDT

2020 Fleet Statistics: Truck Driver Wages & Employment

By Heavy Duty Trucking

The average annual wage of heavy-duty and tractor-trailer truck drivers by state and the employment of heavy-duty and tractor-trailer truck drivers by state are shared. Wages ranged from $20,480 median wage in states such as Florida, Idaho, and Maine and up to $59,840 median wage in states such as Nevada and Washington.

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Source: Black Book

Used-Truck Prices March 2021

By Work Truck

As of March. 1, 2021, all truck classes experienced decreases in wholesale values over the past month. After a small dip in February 2021, all truck classes from pickups to medium-duty Class 5-6 as well as Class 7-8 heavy-duty trucks saw month-over-month increases in wholesale prices. Class 8 heavy-duty trucks recovered from the huge dip seen in August 2020, saw a dip in February, and are rebounding once again.  Values are provided by Black Book, and reflect pricing as of March 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.

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Source: HDT

2020 Fleet Statistics: U.S. Class 8 Tractor & Trailer Orders

By Heavy Duty Trucking

While both tractor and trailer sales saw a surge in October of 2019, those numbers quickly started dropping, with a COVID-19-related low in April 2020 of 1,680 tractors and 209 trailers. The trade cycle of Class 8 trucks among private fleets accelerated to 6.3 years from last year's 6.5 years, while the overall trade mileage dropped to 610,000 miles, down 20,000 miles from 2019. Both of this year’s results were quicker than any other trade cycles ever reported in the history of the National Private Truck Council's annual survey. Five years ago the figures stood at 8.7 years and 713,900 miles.

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Miles per gallon for combination trucks (based on average miles traveled and fuel consumption) remained relatively stable between 2007 and 2018. - Source: hdt

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.

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Based on its Run on Less Regional fuel-economy event, the North American Council on Freight Efficiency found that regional-haul fleets can improve their fuel efficiency by using data to optimize...

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.

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Source: Black Book

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

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Source: HDT

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.

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Source: Black Book

Used-Truck Prices December 2020

By Work Truck

As of Dec. 1, 2020, pickup trucks have continued to dip after the increase in wholesale values from June to September 2020. 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 saw a decrease in wholesale prices month-over-month. Class 8 heavy-duty trucks recovered from the huge dip seen in August 2020 but have since leveled out from the climb in October.  Values are provided by Black Book, and reflect pricing as of Dec. 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: October 2020 Used Truck Prices

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Source: HDT

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

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Source: Black Book

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

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Source: HDT

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.

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Source: Black Book

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.

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Source: HDT

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.

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Source: Black Book

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.

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Source: HDT

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.

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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...

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.

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Source: HDT

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.

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Source: HDT

2019 Fleet Statistics: Bridge Reports

By TruckingInfo

The total number of structurally deficient bridges has continued to decrease year-over-year. States with the largest number of structurally deficient bridges are: Iowa (4,675 bridges); Pennsylvania (3,770); Oklahoma (2,540); Illinois (2,273); Missouri (2,116); North Carolina (1,871); California (1,812); New York (1,757); Louisiana (1,678); and Mississippi (1,603). There are 47,052 bridges classified as structurally deficient and considered to be in poor condition as of March 2019.

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Source: HDT

2019 Operating Cost Statistics - Demand vs. Capacity

By TruckingInfo

U.S. business logistics costs, as calculated in CSCMP’s 2019 State of Logistics Report, sponsored by Penske and authored by A.T. Kearney, rose 11.4% in 2018 to reach $1.64 trillion, or 8% of the $20.5 trillion GDP. All subsegments rose to their highest level since 2014, with private and dedicated fleets leading the way, up by 13%. Truckload was up 8.3%, LTL up 7.6%. Parcel was up over 7%, reflecting strong e-commerce growth and pricing power from providers. In addition, a buildup in inventory in the second half of the year drove inventory costs up 14.8%. As e-commerce sales hit $513 billion, nearly 10% of total retail, in 2018, parcel expenditures rose 8.7% to $105 billion. Amazon is training customers to expect ever-faster deliveries, forcing competitors to chase those expectations, while at the same time growing its own transportation network and entering the third-party logistics business. This is sparking a furious pace of last-mile innovation, partnerships, and new technology.

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