With new inventory levels still only 46.3% of what they were in 2019, used vehicles continued to help fill the demand, as evidenced by the rise in used on-lot inventory per dealer, up 125.4% year-over-year.
According to Work Truck Solutions, while median mileage for used work trucks has been trending upwards since late 2020, average list prices went up as well.
Determining when exactly to cycle your vehicles is a fine balance among many factors, from acquisition, through operation, and resale or asset disposal. Here are nine questions to answer when you’re deciding when and how to best cycle your trucks.
Work Truck Solutions, Inc. announced a new suite of solutions designed specifically for body manufacturers and distributors, which will give these businesses a detailed breakdown of their inventory across their dealers' lots, alert them when their vehicles are sold, and provide a simple way to search for specific trucks on their dealer's lots.
Work Truck Solutions, a commercial truck inventory solutions provider, has completed a Series B Preferred Stock financing round of $5 million.
The decreased volume of new medium-duty trucks sold from 2008-2010 has created a tight inventory of used trucks in today's wholesale market. As a result, demand is exceeding supply, especially for lower-mileage medium-duties in good condition, which has exerted positive upward pressure on resale prices across the board.
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