Freight pullback isn’t making used Class 8 trucks any cheaper

Apr 20, 2022 at 09:26 AM CST
The recent pullback in spot freight rates isn’t affecting the sky-high prices of used Class 8 trucks. Some higher-mileage used models sold for less in March, but the undersupply of equipment shows no signs of easing. “Any downward movement in the tender rejection rate since February hasn’t correlated to a change in used truck pricing,” Chris Visser, commercial vehicles senior analyst and product manager at J.D. Power Valuation Services, told FreightWaves. Changes to market conditions usually show up at auctions first. Power said it is seeing an increased spread between auction and retail selling prices.

Apr 20, 2022 at 09:26 AM CST

The recent pullback in spot freight rates isn’t affecting the sky-high prices of used Class 8 trucks. Some higher-mileage used models sold for less in March, but the undersupply of equipment shows no signs of easing. “Any downward movement in the tender rejection rate since February hasn’t correlated to a change in used truck pricing,” Chris Visser, commercial vehicles senior analyst and product manager at J.D. Power Valuation Services, told FreightWaves. Changes to market conditions usually show up at auctions first. Power said it is seeing an increased spread between auction and retail selling prices.