July Surprise

The retail sleeper market turned in an unexpectedly strong performance in July, with depreciation for individual trucks essentially nonexistent despite the continuing increased supply. This ongoing market shift favoring 2-5 year-old trucks pushed our universal average to a new all-time record...

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July Surprise

The retail sleeper market turned in an unexpectedly strong performance in July, with depreciation for individual trucks essentially nonexistent despite the continuing increased supply. This ongoing market shift favoring 2-5 year-old trucks pushed our universal average to a new all-time record...

Continue Reading →

Medium Duty Conventional Market Mixed in July

July was a fairly good month for the lighter GVW classes of conventionals, with pricing for our Class 4 benchmark group up mildly month-over-month and substantially year-over-year. Volume took a dip in July, although 2014’s monthly average is very close to 2013’s if a one-month outlier is ignored...

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Medium Duty Conventional Market Mixed in July

July was a fairly good month for the lighter GVW classes of conventionals, with pricing for our Class 4 benchmark group up mildly month-over-month and substantially year-over-year. Volume took a dip in July, although 2014’s monthly average is very close to 2013’s if a one-month outlier is ignored...

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Retail Sales Volume Ticked Up in July

As we stated last month, there was no seasonal slowdown this year in the retail or wholesale channels. Dealers and end users made purchasing a higher priority than typical in the late spring/early summer months...

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Proprietary Engines in the Used Market

The increasing build rate of proprietary engines in new trucks gets frequent press, as exemplified in this excellent recent article in Transport Topics. But gone unexamined is the degree to which these engines are represented in the used market...

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Year-to-Date Auction Volume Dips Closer to 2013

The number of trucks reported sold at auction decreased moderately in July, coming in at 2742 – a 529 (or 16.2%) decrease from June, and a 236 (or 7.9%) decrease from July 2013. Year-to-date results are still positive, however, with 2014 sales totaling 21,483 – a 519 (or 2.5%) increase over same-period 2013...

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Fleets are Finally Expanding. What are the Implications for Used Trucks?

Over the past two years, the general increase in new truck orders and production was attributed to replacement demand, not expansion. Logically, though, if orders and production continued to increase, simple one-for-one replacement would eventually not account for order and production levels...

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Medium Duty Cabovers Tick Upward

2014 has been a mediocre year for Class 3-4 cabovers, with volume down from last year. At the same time, the average price of our 4-7 year-old benchmark group in 2014 to date is running ahead of same-period 2013...

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Construction Market Outpaces 2013, but Challenges Remain

As of this writing, the US Senate has just passed a short-term highway funding bill that would fund infrastructure construction through December. It is likely that the House will either pass this bill or a lightly-altered version. The business community would of course prefer a long-term solution instead of a stop-gap, so the current bill won’t do much to encourage increased demand for equipment...

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