Fleetowner 38286 Tbb Prd Commercial Truck Report 052019

Used truck value continues to slip: Price Digests report

May 29, 2019
Average Fair Market Value (FMV) for used commercial vehicles continued to decline last month, dropping another 0.6% in April.

Average Fair Market Value (FMV) for used commercial vehicles continued to decline last month, dropping another 0.6% in April, according to the latest Price Digests Commercial Truck Report.

However, this decline is expected given the high demand (and backlog) for new Class 7 and 8 vehicles in North America, the report adds. Average Forced Liquidation Value (FLV) and auction activity normalized in April 2019 after a seasonally strong month in March.

In other market highlights, the report notes:

  • Average FMV for trucks on the resale channel declined significantly in April from a year prior, with a 14% average drop.
  • The average age on the resale channel held relatively steady from March to April, but fell nearly 17% newer than in April 2018.
  • Both resale activity and auction activity contracted in April, even as average FMV decreased slightly and average FLV increased.

The report forecasts that, although declining average FMV and increasing average FLV are trending towards convergence, a return to a strong gap between the two channels is anticpated over the summer of 2019.

The Price Digests Commercial Truck Report is a monthly analysis of key market performance indicators covering heavy and medium-duty commercial truck market insights for insurance, finance, fleet management, valuation, and property tax professionals.

What's inside

An analysis of resale and auction commercial truck markets:

  • FMV and FLV Trends
  • Market Forecasting
  • Top Brand Trends (Freightliner, Kenworth, Volvo and more)
  • Market Volume
  • Market Insights

Sign up here to receive the latest edition of this $599 report free of charge every month.

Sponsored Recommendations

Heavy-Duty Maintenance Checklist

A maintenance checklist can help ensure you hit everything necessary during an inspection. Check out our free downloadable checklist to help streamline your repairs.

Five Ways a Little Data Can Save Your Company Millions

While most trucking and logistics companies rely on cellular to keep their work fleet connected, satellite has the ability to connect anywhere and through small data transmission...

Fleet Case Study: 15% YOY Growth for ITDS

Learn how this small trucking company scaled significantly and maintained outstanding customer service without adding additional people. Sylectus TMS can automate operations and...

Unlocking Fleet Safety & Efficiency: The Managed Service Advantage

Want to boost your fleet's safety and efficiency? Tune in now to discover the power of Managed Services in optimizing your safety program, streamlining operations, and making ...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!