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How to sell your truck and trailer

Discussion in 'Ask An Owner Operator' started by lights787, Aug 11, 2020.

Page 5 of 6
  1. Aug 13, 2020 #41
    lights787

    lights787 Light Load Member

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    I have news for you... Rates will be up for some time to come for one reason only the new CDL drivers are pretty much out of the market because in most states DMV offices are closed to testing for new CDL road and written test. This industry heavily relies on the fresh flow of newbies that COVID has cut off. There is no pipeline to replace the high turnover rate of truck drivers.
     
    lights787, Aug 13, 2020
    lights787, Aug 13, 2020
    #41
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  3. Aug 13, 2020 #42
    Midwest Trucker

    Midwest Trucker Road Train Member

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    Put a driver in it. Won’t be long and you’ll want assets backing up your brokerage accounts...
     
    Midwest Trucker, Aug 13, 2020
    Midwest Trucker, Aug 13, 2020
    #42
  4. Aug 13, 2020 #43
    Midwest Trucker

    Midwest Trucker Road Train Member

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    Not to mention foreign driver inflow being cut off as well as high federal unemployment checks making it enticing for drivers to ride the couch.
     
    Midwest Trucker, Aug 13, 2020
    Midwest Trucker, Aug 13, 2020
    #43
  5. Aug 13, 2020 #44
    Midwest Trucker

    Midwest Trucker Road Train Member

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    Frankly, the market is right now where it always should be.
     
    Midwest Trucker, Aug 13, 2020
    Midwest Trucker, Aug 13, 2020
    #44
  7. Aug 13, 2020 #45
    lights787

    lights787 Light Load Member

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    Not sure if my insurance will allow me to do that. I really don't want to deal with a driver and truck problems will see though that might be a choice down the line.
     
    lights787, Aug 13, 2020
    lights787, Aug 13, 2020
    #45
  8. Aug 13, 2020 #46
    lights787

    lights787 Light Load Member

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    Foreign cheap labor will never be cut off don't believe everything you hear.
     
    lights787, Aug 13, 2020
    lights787, Aug 13, 2020
    #46
  9. Aug 13, 2020 #47
    Gdog66223

    Gdog66223 Road Train Member

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    I mean were giving you all these suggestions and you keep turning everything down. What do you want to do?
     
    Gdog66223, Aug 13, 2020
    Gdog66223, Aug 13, 2020
    #47
  10. Aug 13, 2020 #48
    lights787

    lights787 Light Load Member

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    I want to sell my truck and trailer at a fair price. I think It'll happen in due time. I am just picking the brains of you more experienced OOs. Thank you all for all your great suggestions.
     
    lights787, Aug 13, 2020
    lights787, Aug 13, 2020
    #48
  11. Aug 14, 2020 #49
    lights787

    lights787 Light Load Member

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    How so? I'd like to know your reasoning behind that advice.
     
    lights787, Aug 14, 2020
    lights787, Aug 14, 2020
    #49
  12. Aug 14, 2020 #50
    Gdog66223

    Gdog66223 Road Train Member

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    Go to this link and view the Dow Jones Transportation Average.
    Dow Jones Transportations Average Interactive Chart - Barchart.com

    Go look at that chart and expand it for 20 years and take notice in Jan 2009 when Obama got elected, The market surged for 3 years, and then dipped late that year in 2012. Well what happened in 2012? Obama got re-elected and the market surged until 2016.

    What happened in 2016, Market dipped later that year and Trump got elected, then Market surged until this year and we have seen chaos with Tariffs, Coronavirus, and many other things. Whoever gets elected the market will surge in 2021 causing a spike in Oil, Trucking, and Transportation. SO, wait until after November to sell your truck.

    If you don't wanna wait thats on you.
     
    Gdog66223, Aug 14, 2020
    Gdog66223, Aug 14, 2020
    #50
    blacklabel and lights787 Thank this.
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