While both tractor and trailer sales saw a surge in October of 2019, those numbers quickly started dropping, with a COVID-19-related low in April 2020 of 1,680 tractors and 209 trailers.
The trade cycle of Class 8 trucks among private fleets accelerated to 6.3 years from last year's 6.5 years, while the overall trade mileage dropped to 610,000 miles, down 20,000 miles from 2019. Both of this year’s results were quicker than any other trade cycles ever reported in the history of the National Private Truck Council's annual survey. Five years ago the figures stood at 8.7 years and 713,900 miles.
By Heavy Duty Trucking
As of March 1, 2020, we are back to a mix of increases and decreases in 2015-2017 model-year truck resale values.
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As of Feb. 1, 2020, all 2015-2017 model-year truck classes experienced an increase in resale values. Class 8, heavy-duty trucks experienced the biggest dip in January 2020 and experienced the biggest rebound in February.
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As of Jan. 1, 2020, all 2015-2017 model-year truck classes except Class 7 medium-duty units experienced a decrease in resale values.
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As of Dec. 1, 2019, pickup truck values continued their downward trend a bit more steeply between November and December 2019 since a peak in June.
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As of November 1, 2019, pickup truck values have continued a slow, downward trend since a peak in June 2019.
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For U.S. Class 8, orders averaged 40,800 units per month in 2018, but for the first half of 2019, just 14,600 per month.
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As of October 1, 2019, pickup truck values have remained relatively stable compared to the drop experienced in August 2019.
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As of September 1, 2019, pickup truck values rose from the drop experienced in August 2019, while Class 4-8 trucks all decreased on value compared to the same time last month.
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As of August 1, 2019, pickup truck values are continuing to drop from their peaks in May and June.
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As of July 1, 2019, overall wholesale values for all pickups and Class 4-8 trucks started to shake up a little.
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As of June 1, 2019, overall wholesale values for all pickups and Class 4-8 trucks continued to decline since same time last year.
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As of May 1, 2019, overall wholesale values for all pickups and Class 4-8 trucks have been consistently declining since same time last year.
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