As the summer season continues, one trend is emerging for medium-duty trucks — declining auction prices, according to Black Book’s August Specialty Markets report.
by Staff
August 8, 2017
Courtesy of Wikimedia.
1 min to read
Courtesy of Wikimedia.
As the summer season continues, one trend is emerging for medium-duty trucks — declining auction prices, according to Black Book’s August Specialty Markets report.
In June, wholesale prices for model year 2015-2016 medium-duty trucks declined by 0.2%. The next month prices for those same units dropped by an average of 0.4%. The same trend emerged for older units. Trucks from the 2007 to 2014 model years saw prices drop by 0.5% in June, and then 0.7% in July.
Ad Loading...
The factor that most contributed to this decline was the poor condition of most units arriving at auction.
"The overall condition of the units hitting the auction lanes is showing up in worse and worse condition," according to the report. "We understand this and take this into consideration when evaluating units and adjusting our prices."
On a more positive note, fuel prices are seeing little change on a week-to-week basis, with no significant change expected in the near future, Black Book stated. The current national average for a gallon of diesel is $2.49, roughly 5 cents less than the previous month.
Westport and Volvo are demonstrating a 500-hp truck with diesel-like efficiency — one that also offers what Westport says is a better pathway to using hydrogen fuel in trucks.
New sensor integrations and component validation signal a shift from strategy to execution as Kodiak and Bosch push toward high-volume driverless truck deployment.
The evolution of the modern truck was a long, slow affair. But perhaps no other company did more to establish the template for what a modern truck should be, and how it should perform, than REO.
Western Star has expanded its operator-focused Star Nation competition and outreach to spotlight skill, attract new drivers, and strengthen industry ties.
The all-new Volvo VNR is jam-packed with advanced safety features. Join HDT for a first-hand look at how Volvo is keeping drivers safer and productive on the road.
At Volvo’s New River Valley customer center, the all-new VNR proves that maneuverability, safety, and driver confidence can coexist in a regional-haul workhorse.
March trailer orders posted an unexpected monthly jump, but demand still trails historical norms as fleets prioritize power units over trailing equipment.
A new autonomous truck startup company is targeting yard, port, and short-haul freight with a lighter, fully autonomous platform designed for dock-to-dock moves.