When spec'ing a truck, it is critical to find the balance between building a truck to perform the intended job function and ensuring there will be a strong secondary buyer demand in the resale market at the end of its lifecycle.
How you spec a truck has a direct bearing on its future resale. Here are the some of the dos and don’ts in truck spec’ing that will impact resale values.
Increased buying opportunities and a favorable economic climate are limiting price growth, and the supply of quality used trucks is expected to increase.
Waiting too long can result in unnecessary wear-and-tear, expense, and lost productivity. Making the decision too soon can result in higher capital expenses and depreciation costs. The key is finding the perfect balance.
Remarketing commercial trucks online can save fleets time and money typically spent transporting trucks to physical auctions.
After a steeper decline to start 2014, depreciation is expected to settle into the range of 1 percent to 1.5 percent per month for the rest of the year.
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.
Truck lifecycles can be calculated to the mile and the dollar. This can help fleets replace vehicles at the optimal moment.
The top challenge facing truck fleets continues to be managing fuel spend. Other challenges include rightsizing, rising tire costs, remarketing, and improving fleet efficiency. An emerging trend is the shift to lighter-weight upfits.
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