AutoNation Inc., one of the biggest car dealership chains in the U.S., expects prices for new and used cars to decline this year as manufacturers crank up volumes and offer more incentives to price-sensitive buyers.
When it was new, the window sticker price on a typical 2019 Toyota Tacoma SR double cab pickup was just under $29,000. Two years later, dealers are paying almost $1,000 more than that to buy the same vehicle, even though it’s used.
The Class 8 used truck market in August reflected the trend toward improving sales as prices remained below year-earlier levels, conditions that are expected to mark the full year, ACT Research reported.September 24, 2020
Used Class 8 vehicles in July were, on average, younger, cost less and had about the same mileage compared to a year earlier, ACT Research reported.August 27, 2020
Sales volume and prices of used Class 8 trucks were substantially down in November, according to ACT Research.
Motor carriers that typically purchase new trucks sometimes find themselves in situations where it is expedient to buy used trucks.
Sales of used Class 8 trucks under $50,000 continued to fall during July, which helped drive up the average sales price, but at the same time underscored certain buyers have exited the market, according to ACT Research.August 29, 2019
The average used Class 8 truck brought a higher sales price in May than in the same month a year earlier, but with inventories gradually building and growth in the freight market slowing down after last year’s boom, analysts are divided on the long-term outlook for values.