Wholesale prices started in an upward trajectory in the first week of February and continued increasing throughout the month.
Fleet experts shared their insights on remarketing upfits and equipment in the work truck industry.
Supply and demand shifts over the last two years have had ripple effects on purchasing patterns, the condition of used assets, and pricing.
The used truck market is currently thriving with low-mileage used vehicles in high demand and short supply.
Overall truck segment values declined 0.83% last week, compared to 0.99% the week before.
Overall used vehicle values, and truck values in particular, were down month-over-month in October, according to Black Book’s latest Used Vehicle Retention Index.
Car values continued to weaken and truck values strengthened last week, as the summer months approach.
Spring has come to an end, with cars declining in values greater than trucks.
Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by just 0.01% last week.
Overall truck segments are declining but some truckmakers saw increases of up to 5% due to new 1/2-ton pickups.
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