UTA Develops Trade Terms, Conditions

Oct. 1, 2001
The Used Truck Association (UTA) has released a set of guidelines for industry-standard trade terms and conditions used to establish the condition of

The Used Truck Association (UTA) has released a set of guidelines for industry-standard trade terms and conditions used to establish the condition of a used truck, as agreed to by both seller and buyer.

UTA Trade Terms & Conditions are meant to reduce confusion in the marketplace, according to UTA board member Marty Crawford of Waters Truck & Tractor, Columbus MS.

For example, he cited the trade term requirement of “50% rubber.” A seller may interpret that to mean the total remaining tread on all tires must be at least 50% of the original amount. In some extreme cases, said Crawford, sellers have taken “50% rubber” to mean half the number of tires, and turned in trucks with tires missing. A buyer, on the other hand, usually takes the term to mean each of the truck's tires must have at least 50% of its tread depth left.

With the UTA Trade Terms & Conditions, the guidelines do away with percentages and spell out a minimum tread depth and condition. The publication covers engines (mechanical and electronic), drivetrains, brakes, tires, frame, cabs, sleepers, and bodies. It also takes into consideration de-identification, safety inspections, and fleet trades.

The guidelines also lay out a step-by-step approach for how the used-truck appraisal process should be handled, including the necessary paperwork and documents. For a free copy of the UTA Trade Terms & Conditions, access www.uta.org.

Voice your opinion!

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

Sponsored Recommendations

What challenges are top of mind for fleet professionals in 2025? Get exclusive insights from the 2025 Fleet Trends Survey and discover where the industry is headed next.
The most successful fleets accomplish more than delivering freight. To accomplish this, fleets need a fuel that’s reliable, more economical and more sustainable. That fuel is ...
Are your KPIs driving real fleet improvement? Learn how to set smarter, data-driven benchmarks, track success like top-performing fleets, and apply proven strategies to optimize...
Learn how eets can enhance truck utilization and minimize safety incidents using business intelligence and AI. Delve into innovative practices, technology integration and real...