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Used Trucks Prices To Fall In Coming Years

Used Trucks Prices To Fall In Coming Years
  • Post category:News

2014 and 2015 were marked with the high truck build rates, which means that in the next few years the market will be flooded with 3-5 year old tractors. This will put pressure down on used trucks prices.

The current supply of used trucks is determined on what was retailed 3-5 years ago. For instance, in July this year, 5 year old (2011) trucks were down 15% comparing with July 2015, and 3 year old trucks (2013) were down 18%.

According to experts, the amount of trucks that will come back as used trucks will keep growing to peak around 2020. Increased supply will also have its effect on pricing.

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