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Used-Truck Prices November 2019

Used-Truck Prices November 2019

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Used-Truck Prices November 2019

As of November 1, 2019, pickup truck values have continued a slow, downward trend since a peak in June 2019. 

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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.

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.  

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.

Used-Truck Prices October 2019

By Work Truck

As of October 1, 2019, pickup truck values have remained relatively stable compared to the drop experienced in August 2019. Class 4 and Class 5 trucks experienced a decrease in values while Class 6, Class 7, and Clas 8 all experienced an increase in values compared to same time last ime.  Values are provided by Black Book, and reflect pricing as of October 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 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.

2019 Fleet Inventory and Age

By Government Fleet

In this report, we present data from 18 of Utilimarc's municipal benchmarking clients, including cities, states, and counties. The report, derived from 52,734 data points, covers vehicle age, mileage, maintenance cost, and labor hours. Data is organized by type of vehicle, including front, side, and rear refuse trucks; sedan and SUV police vehicles; single and tandem dump trucks; light-, medium-, and heavy-duty pickup trucks; and ladder and pumper fire equipment. Each of the numbers presented in this report is an average over the years 2016-2018.

2019 Operating Cost Statistics - Cost Per Mile

By TruckingInfo

The 2018 update to ATRI’s Analysis of the Operational Costs of Trucking shows that the average marginal cost per mile for fleets rose 6% in 2017 to $1.69, thanks largely to increased fuel and driver costs. Over the nine years of ATRI research, costs have only topped that mark in 2011 and 2015, at around $1.70. Compared to 2017 cost per mile, truck, trailer lease or purchase payments; repair and maintenance; fuel; tires; permits and licenses; and insurance premiums all practically remained flat, while driver benefits increased by 1¢, driver wages by 4¢, and tolls by 1¢.

Used-Truck Prices September 2019

By Work Truck

As of September 1, 2019, pickup truck values rose from the drop experienced in August 2019, while Class 4-8 trucks all decreased on value compared to the same time last month. Overall wholesale values for Class 8 trucks dropped slightly but remain relatlively stable, and are still up over the lowest point in June 2019. Medium-duty Class 6 and Class 7 trucks eexperienced a larger month-over-month wholesale value drop.  Values are provided by Black Book, and reflect pricing as of September 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 Truckload Statistics: Revenue, TSI and Trucking Conditions Index

By Heavy Duty Trucking

The Freight Transportation Services Index (TSI), based on the amount of freight carried by the for-hire transportation industry, hit an all-time high of 138.7 in November 2018. The Trucking Conditions index tracks changes in the U.S. truck market related to freight volumes, freight rates, fleet capacity, fuel prices, and financing and combines the metrics into a single score. The TCI shows that conditions were extraordinarily strong until Q4, although December 2018 was a strong outlier in a generally stabilizing market.

2019 Truckload Statistics: Turnaround Time, U.S. Freight Shipnments

By Heavy Duty Trucking

A longer turnaround time in 2019 of 908 minutes indicates that it is taking longer for any particular load to be accepted for cartage. 2019 has seen a drop of almost 35% in terms of load turnaround time. The DOT currently projects the weight of goods moved by truck to rise by close to 34% by 2045, compared to 2016. The value of goods moved by truck is expected to increase by approximately 66% from 2016.

Used-Truck Prices August 2019

By Work Truck

As of August 1, 2019, pickup truck values are continuing to drop from their peaks in May and June, while Class 5, Class 7, and Class 8 trucks all increased slightly in value from July 2019 to August 2019.  overall wholesale values for all pickups and Class 4-8 trucks started to shake up a little. Pickup trucks have experienced a tumultuous year, with wholesale values starting to drop for the first time in several months. Class 4 trucks are experience an increase in values but are still below pickups.   Values are provided by Black Book, and reflect pricing as of August 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 Driver Statistics: Turnover & Employment

By TruckingInfo

Although labor issues remain a significant challenge for respondents to the National Private Truck Council's annual survey, they continue to report retention and turnover performance far better than their for-hire colleagues. This year, private fleets reported turnover at 16.9%, up a point and a half over last year’s 15.4% average turnover. The stability of trucking employment over the past 14 years provides some evidence of a tight labor market for truck drivers—the demand for drivers has remained strong while the demand for workers with low levels of education has declined substantially in other sectors. While it appears that truck drivers are at an earnings disadvantage relative to nondriving blue-collar workers, this disadvantage is only evidence of an earnings gap between light or delivery truck drivers and driver/sales workers, on the one hand, and blue-collar workers, on the other; point estimates of the earnings of heavy truck drivers exceed those of other blue-collar workers throughout the period.