Chris Visser's Articles

No Depreciation Yet in the Class 8 Market

Retail pricing once again showed little month-over-month change, while volume was slightly lower than predictions due to a lack of low-mileage trucks returning to the market...

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New Truck Orders Through the Roof for Another Month

Economic fundamentals look sound into early 2019, but it's the "reserve build slots" part that we find interesting. 

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August's Auction Market was Identical to July's

Auction activity continued to defy our predictions in August, with low volume indicating a supply that is still very tight...

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August Retail Market Unchanged from July

Predictably, August’s retail used truck market looked very similar to July’s. Dealers sold incrementally more trucks, while pricing was basically unchanged.

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Are we Finally Seeing More Trade-Ins?

The auction market performed closer to expectations in September, with a notable increase in the number of sleeper tractors of most model years represented. Pricing for newer trucks dropped as a result.

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Is there an End in Sight for the New Truck Market?

We all know new truck orders have been through the roof and deliveries have been inadequate to meet demand, resulting in extremely long lead times. How does the current environment compare to recent cycles?

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Mild Pullback in Retail Pricing for Late-Model Trucks

Average pricing for late-model trucks pulled back slightly month-over-month, as a higher volume of lower-priced models filtered through the market.

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October Auctions Point to Continued Shortage of Late-Model Trucks

October’s auction results once again defied expectations, with a drop in volume compared to September, and no discernable depreciation...

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Class 8 Retail Depreciation Still Subdued

The average sleeper tractor retailed in October was 67 months old, had 462,534 miles, and brought $56,690.. Compared to September, the average sleeper was 1 month newer, had 6,876 (1.5%) more miles, and brought $276 (0.5%) more money. 

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Auction Volume Back Up in November

November auction volume was back up to a typical level, after a quiet October. Pricing for our benchmark model was generally lower, with less consistency from auction to auction

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