Auction Rates
Auction Rates for Used Trucks on the Decline
The COVID-19 pandemic will go down in history for numerous reasons; one of the biggest will be the effect it had on the used trucking industry. The fine folks over at J.D. Valuation services have been tracking the average auction sale value over time, and the effects of the COVID-19 pandemic can be seen in full.
Used Truck Auction Rates Fluctuate in August 2023
In an unexpected turn of events, J.D. Valuation Services reports that model years at the auction decreased in value if they were newer and increased if they were older. It is quite the interesting phenomenon.August 2023 Used Auction NumbersModel year 2021: $63,375. This is a decrease of $599 (0.9%) from July.2020: $59,543, a drop of […]
Used Truck Auction Rates Mostly Drop for July 2023
J.D. Valuation Services has given another update on the prices that used Class 8 vehicles are going for at auction. For the most part, the data is to be expected: as vehicles get older, their value decreases. One model year, however, has bucked that trend.July 2023 NumbersModel year 2021: $63,974, which is $12,420 (16.3%) lower […]
Used Truck Auction Rates Change Slightly for June 2023
When we post these recorded findings on average auction rates for Class 8 trucks across the nation, we stay put when it comes to saying whether now is a good time to buy or a bad time to buy. After all, if a truck’s price is dropping, will it drop further? If it is increasing, […]
Auction Rates Decrease on Used Trucks in December 2022
J.D. Valuation Services is happy to report that the data they have collected show used Class 8 trucks are continuing their market correction from the highs earlier in the year and in 2021.December 2022 NumbersUsually one or two model years will go against the general trend as with what happened in November 2022, but the […]
Auction Prices Have Slight Rise in November 2022
J.D. Valuation Services has reported the average auction prices for used Class 8 trucks in November 2022. It is what we had anticipated the month prior: the intersection of supply and demand determining price is still the king of economics.November 2022 DetailsModel year 2020: $96,350: an increase of $7,325 (8.2%) from the month prior.2019: $77,767; […]
Used Auction Rates Dip Lower for October 2022
Chris Visser of J.D. Valuation Services calls the previous month of auctions for used Class 8 trucks to be a “market correction.” Based on the average prices that we had seen at the beginning of the year, we are inclined to agree with him.October 2022 NumbersModel year 2021: $151,905; $4,253 (2.9%) higher than September.2020: $122,088, […]
Auction Rates Slightly Lower on Average in September 2022
J.D. Valuation Services reports that while some used truck models increased in value at auction and others decreased over the month of September, the decreases were larger than the increases and created a net drop in used auction rates for the month.September 2022 NumbersModel year 2021: $147,458 (No comparison to August)2020: $89,336, a decrease of […]
Auction Rates Vary in August 2022
We have talked before about an impending decrease in auction prices due to demand slowly decreasing as a direct result of higher prices, but has that happened yet? It is hard to say, as some year models have dropped and others have risen. J.D. Valuation Services has the numbers.August 2022 NumbersModel Year 2021: No trucks […]
Used Trucks Became Cheaper in July 2022
Another month, another round of used Class 8 auction rates from our friends at J.D. Valuation Services. In this case, the downward trend mostly continues as four out of five model years saw prices decline in varying levels of intensity.July 2022 NumbersModel year 2021: $145,278. A decrease of $8,611 (5.6%) from June.2020: $116,840, a $5,839 […]
Used Truck Auction Prices Tumble in June 2022
It is fair to say that the used truck market has become a buyer’s market, as, according to J.D. Valuation Services, average prices across the board decreased double-digit points in June.June 2022 DetailsModel year 2021: $153,889. As this is the first month J.D. Valuation Services has tracked for model year 2021, there is no gain […]
Auction Rates Mostly Slide in May 2022
We all knew this day would eventually come, it was just a matter of “when”, not “if”. Well, the time has finally arrived, and auction rates for used big rigs are starting to make trucks more affordable for the average fleet. J.D. Valuation Services has the numbers!May 2022 NumbersAccording to J.D. Valuation Services, no 2021 […]
Trucking Auction Market Stabilizes in April 2022
April was a great month for those in the market to buy a used big rig to increase their fleet, as, for the most part, the auction market eased up during that month. J.D. Valuation Services has the numbers.April 2022 Auction AveragesModel year 2020: $153,580; a $5,920 (3.7%) decrease from March.2019: $112,785; $4,962 (4.2%) decrease.2018: […]
Auction Rates Mostly Drop for March 2022
Auction rates in the current global supply shortage are always interesting to check. With new trucks having a hard time staying on the lot, the industry turns to used vehicles to fulfill asset needs. J.D. Valuation Services has the numbers.March 2022 NumbersFor all years except the most recent listed, 2020, prices decreased.Model Year 2021: No […]
Average Auction Rates Went Everywhere in February 2022
Which is a less stable used truck market, one where all of the model years travel in the same direction of double-digit percentage increases, or one where all of them travel in unpredictable directions independent of one another? We ask because that is what J.D. Valuation Services found in used truck auction rates at the […]
Auction Prices End Year on Mixed Note for December 2021
J.D. Valuation Services has released the average auction prices for December 2021. The numbers, while on average lower than the month prior, show just how far trucking has come in the last twelve months.The NumbersWhen December comes around, most fleets that want trucks to make holiday deliveries have already obtained them (if they can), so […]
Used Truck Auction Prices Skyrocketed in November 2021
We at TopMark Funding try to use the word “skyrocket” sparingly, only for the craziest of circumstances in the trucking industry. We believe J.D. Valuation Services’ numbers for used Class 8 truck auction rates is a perfect example of when to use the word, and when you see the numbers we think you will agree.The […]
Used Truck Auction Prices Continue Climb in October 2021
J.D. Valuation Services has listed its numbers for used Class 8 auctions in October. The numbers will not be surprising to anyone who has been paying attention to the trucking industry this past year, as a reduced supply and increased demand mean higher prices. Unlike the month prior, where some model years appreciated and others […]
Newer Used Truck Prices Skyrocket in September 2021
We have been a little slow on the upkeep here regarding the auction prices for used Class 8 vehicles, but the current California port crisis has been taking up much of the news for the trucking industry. Here is a brief respite from all of that with a monthly update on auction prices for used […]
J.D. Power Average Auction Rates, January 2021 to August 2021
Since around June 2020, the trucking industry has been on fire. Since around the start of 2021, truck prices have been rising to reflect just that. As component shortages and intense demand ravage the new truck market, the used truck market is also starting to feel the strain as fleets gobble up whatever vehicles they […]