Despite a rollercoaster year, demand for trucks is strong — so strong that it is expected to outpace supply. This is refiring an interest in both buying and selling used units.
After the first month of the year, depreciation rates for medium-duty trucks are up and overall orders for the segment are down, according to Black Book’s Feb. 7 Market Insights Report.
Peterbilt is expanding its Red Oval certified pre-owned truck program to include PacLease trucks with the complimentary Red Oval Assurance Warranty.
Heavy and certain light and medium trucks make up the largest share of transactions for first three quarters of 2015, says IHS Automotive.
Mitsubishi Fuso Truck of America, Inc. (MFTA) will make a used-truck warranty option available through its authorized dealers for any used FUSO work truck up to seven-years old with less than 300,000 miles on it at time of purchase.
Shoppers on the Penske Used Trucks website can now see side-by-side comparisons of up to five trucks, Penske said, adding that site users will have faster access to inventory of Penske’s light-, medium- and heavy-duty trucks and used trailers.
Black Book reported that resale values declines in the car segment have become increasingly large since April, though the truck segment, on the other hand, has seen price drops slow.
Activity in pricing adjustments was ‘pretty substantial,’ reports Ricky Beggs, managing editor of Black Book, adding that with more than 2,300 vehicles adjusted each day throughout the week, the trend is very similar to the previous two weeks.
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