Up, Down or In-Between: Where Are Used Truck Prices Now?

Used Truck Prices

Will used trucks cost your fleet more or less than last year? Depends on what you’re buying and where.

What a difference a couple of months make. A Fleet Owner article in August of this year was titled, “Used trucks costing fleets more” and reported that prices for both medium- and heavy-duty trucks had increased over Q3 of 2013. Just a scant two months later, the headline changed to “Used-truck prices fell in Q3, except for heavy-duty at auction.”

When you dig deeper into the articles, it’s even more confusing, since the prices on heavy-duty trucks were actually off by more than 6.3% in the private market but up by 26% at auction. In reality, prices fell across the board. According to Jessica Carr, Truck Blue Book (TBB) associate analyst for commercial trucks, “Looking at heavy-duty trucks alone, there was a drop in both 2013 and 2014 models with increases in older years, such as 2004-2007. As a larger amount of older models enter the market and less of the new models are remaining for sale, the average prices are driven much more heavily on those older, lower-priced models.”

Pricing volatility is always a concern, so the more you know, the better your bottom line. Check out both links above before you make any decisions.

Patrick Moynahan

About Patrick Moynahan

Patrick Moynahan is Marketing Manager for AmeriQuest Business Services and oversees marketing for AmeriQuest and its additional brands.

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