A rising supply of used pickups coupled with aggressive pricing for new models is expected to cause a weakening in values in the wholesale market, according to new data from Black Book.
Daycab and construction trucks behave differently than highway tractors in the used commercial truck market, say analysts at NADA Used Car Guide, a division of J.D. Power and Associates.
Heavy and certain light and medium trucks make up the largest share of transactions for first three quarters of 2015, says IHS Automotive.
The average depreciation change last week for trucks fell 0.46 percent, the largest drop for trucks in nearly a year, indicating that the fall price declines might finally be in full gear.
The ongoing economic recovery has fueled slightly higher depreciation for medium-duty trucks. It is expected that overall depreciation for 2015 will be 15.5-16.5 percent.
Follow these common sense strategies before the acquisition decision, during ownership and prior to resale to help you hold the line on residual values.
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