It looks like March will be a strong month for retail used truck sales volume. Sales reports from individual dealers (excluding OEM’s and large national chains) currently reflect a 22% increase in number of used trucks sold compared to February.
Read the rest of entry »
Steve “Bear” Nadolson recently reacted to used truck valuations in the March/April edition of Premium Insights. While Bear was speaking in general terms, I would like to clarify two concepts as they pertain specifically to the ATD/NADA Official Commercial Truck Guide®. The first is the lag time between finalization of values and publication in the guide. The second is how companies use our published values.
Read the rest of entry »
The average mileage, age, and selling price of sleeper tractors retailed and wholesaled in February continued to climb upwards in unison. Dealers retailed a slightly higher number of used trucks in this period, with wholesale sales decreasing by a comparable amount.
Read the rest of entry »