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.
Black Book's ValuEngine batch processing tool now offers Enhanced Vehicle Matching, a more precise VIN-level valuation tool powered by machine learning and natural language processing.
The underlying strength of trucks is best represented by the mid-size truck segment, which, despite no new products, saw prices climb 3%.
While the end of 2017 brought a record decline in weekly depreciation for cars, volume-weighted, overall truck segment (including pickups, SUVs, and vans) values declined by 0.54% the last week of 2017, according to Black Book. This is in line with the average weekly adjustment of 0.57% over the previous four weeks.
For some fleets, a truck’s value does not come up until it’s time for remarketing. But getting the most profit for these assets requires careful planning long before the truck goes up for sale.
When weighted for volume, the overall truck segment values (including pickups, SUVs, and vans) decreased by 0.08% last week, which is better than the average decrease of 0.21% per week in the previous four weeks.
This week’s Black Book Market Insights report looks at the truck segments that are picking up less weekly depreciation compared with cars, signaling that summer is fast approaching.
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.
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