It still appears to be a buyer’s market for Class 8 trucks, according to a report from the truck dealers’ trade group. It’s been “a year of heavy depreciation for the highway sleeper market,” says the ATD/NADA Official Commercial Truck Guide.
Considering the depressed conditions, prices could have dropped even lower, says Chris Visser, editor of the guide. “Anecdotal evidence suggests that an extremely active export market helped keep the domestic supply of used trucks at a realistic level, which counteracted reduced demand,” he says.
Also in the report:
Given the economy, it’s hard to measure the relative strength of any pre-buy this fall in lieu of the 2010 engines, but no one is forecasting any kind of truck sales increase early in 2010.
— Max Heine