Looking at the average price of the benchmark sleeper tractor sold through the two largest nationwide no-reserve auction companies, Class 8 auction volume increased in June, reflecting high levels of off-lease supply and mild to moderate increase in demand. Pricing was fairly stable for late-model trucks, and low-mileage trucks look to be increasing in value. Conditions in the second half will depend on the degree of economic reopening.
In every class, retail sales saw year-over-year decreases, presumably caused by the COVID-19 outbreak. The Class 8 market saw the biggest decline, with sales plummeting more than 60% in May 2020 compared to May 2019.
By Heavy Duty Trucking
As of August 1, 2021, all truck classes from pickups to heavy-duty class 8 units experienced an decrease in wholesale values over the prior month. Medium-duty Class 6 units experienced the highest decrease month-over-month.
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As of Sept. 1, 2020, pickup trucks continued the dramatic and steady month-over- increase in wholesale values from June to September 2020.
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Likely one of the most important tasks a fleet manager must handle is vehicle maintenance. A truck that isn’t working can’t accomplish its job; it’s a simple fact.
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Carriers in the specialized category saw costs rise by 4 cents per mile to 22 cents per mile between 2016 and 2017.
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As in 2017, for-hire and private fleets account for half of aftermarket parts demand of Class 6-8 trucks and trailers.
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The price of crude oil has increased since last year, with regular gasoline increasing 10% and diesel only seeing an increase of 1%.
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Overall, passenger car maintenance costs per unit, per month declined 2.2 percent in 2016.
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Overall, passenger car maintenance costs per unit, per month increased in 2014.
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