Auction Rates Show Promise in Trucking Industry
The first data for used truck auction rates in 2025 have come out, and the numbers from J.D. Valuation Services show a lot of promise for the trucking industry in the years to come.
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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 from January 2023 to April 2023
It has been a while since we have brought you an update regarding the average auction prices on used Class 8 trucks, so we thought we would give you a lightning round of what has happened in the first four months of the year, thanks to the fine folks at J.D. Valuation Services.January 2023 NumbersModel […]
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 […]
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 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 […]
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 […]