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Wholesale Inventory Shortage of Medium-Duty Trucks Fuels Higher Resale Values

The decreased volume of new medium-duty trucks sold from 2008-2010 has created a tight inventory of used trucks in today's wholesale market. As a result, demand is exceeding supply, especially for lower-mileage medium-duties in good condition, which has exerted positive upward pressure on resale prices across the board.

Upfitters Increase Prices 3%-8% Due to Higher Commodity Prices

The high cost of materials has caused price increases for truck bodies, trailers, van interiors, liftgates, and other upfit equipment. Prices have increased, on average, 3-8 percent. Upfitting prices have risen multiple times and some truck equipment manufacturers are guaranteeing current prices for only 90 days. Worldwide, prices have soared for commodities used in upfitting, such as steel and aluminum.

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Mike Antich

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Mike has covered fleet management and remarketing for more than 20 years and entered the Fleet Hall of Fame in 2010.

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