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 can find.
J.D. Power Valuation Services tracks the auction prices for model years four to nine years back, counting five model years in total, in its Commercial Truck Guidelines. Keep in mind the 2018 model year was in 2017, and so forth backward.
Here are the prices on average for each model year for the past eight months. Moving forward, we will show the more detailed numbers, in total dollars changed and by percentage.
Top Trending Trucking Articles
- FMCSA COVID-19 Emergency Extended Another Three Months
- NTEA Cancels Conference, but not for the Reason You Expect
- Johnny Cash and the Distance to go Everywhere, Man
- CTA Petitions the Supreme Court
- Senate Passes INVEST in America Act
- Trucking Insurance Bill Reintroduced to Congress
- Biden Signs Executive Order on Truck Emissions
ABOUT TOPMARK FUNDING
TopMark Funding is a top-rated semi-truck financing and trailer financing company located in Roseville, CA. We specialize in commercial trucking and heavy equipment. Our mission is to become your long-term financial partner by helping you grow your trucking business and fleet.
We’re not here for the short-term, we’re on the long-haul with you!
Learn more about Trailer Financing.
Fill out the contact form or give us a call at (866) 627-6644. One of our truck financing specialists will contact you as soon as possible to go over your truck lease needs and learn more about you and your business financing goals.