August 08, 2017
As the summer season continues, one trend is emerging for medium-duty trucks — declining auction prices, according to Black Book’s August Specialty Markets Market Insight report.
In June, wholesale prices for model year 2015-2016 medium-duty trucks declined by 0.2%. The next month prices for those same units dropped by an average of 0.4%. The same trend emerged for older units. Model year 2007-2014 trucks saw prices drop by 0.5% in June, and then 0.7% in July.
One factor contributing to this decline: the poor condition that most units are arriving at auction.
“The overall condition of the units hitting the auction lanes is showing up in worse and worse condition. We understand this and take this into consideration when evaluating units and adjusting our prices,” the firm noted in its report.
On a more positive note, fuel prices are seeing little change on a week-to-week basis, with no significant change expected in the near future, Black Book stated. The current national average for a gallon of diesel is $2.49, roughly a nickel less than the previous month.