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Recent Class 8 trade volumes have been lower than predicted, which means pricing has been more stable than expected for used trucks, according to J.D. Power & Associates.
According to J.D. Power and Associates, higher volumes of both heavy- and medium-duty used trucks caused prices to fall off "substantially" in February.
Used truck prices are holding steady, with supply still dictating pricing. That’s the word from J.D. Power’s Commercial Truck Guidelines for March, which notes that February is the first month in any new year with a high enough volume of used truck auctions to allow analysts to identify market trends.
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.
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.