Out of Sight September Used Truck Prices Continue Skyward

owners keeping their rigs longer. more and more EPA mandates could be coming sooner, rather than later.

factories under staffed, back logs of new orders. parts shortages.

 

The $5.00 gallon diesel will bring the prices back down.

 

I think the opposite, $5 diesel will drive freight prices up, causing a false sense of 2018 all over again, which would cause prices to go up on older trucks.

 

Lets think of practical effects of new epa mandates, when new truck production is at a fairly low level.

Im not saying the govt wont do it, im saying doing so right now will only serve to further limit available trucks

 

You’re probably right. I don’t really care. I bought a truck a little over a year ago when prices were low. So far all it’s done is continue to go up in value. If it gets worth enough maybe I’ll just sell out and go do something else lol.

 

Not to hijack, I am simply curious.

Why would the cost of fuel have an impact on truck prices. Wouldn't an FSC simply be a pass thru cost creating no real impact on carriers?

 

FSC never really pays for the fuel. It pays for a portion of the fuel.

If the fuel prices go up so will rates, but because most people are idiots they won’t take into account the cost of ownership is up as well, so they will flock to owner operator status in hopes of making a Dollar. This in turn will drive up costs of used and new trucks because of the demand. When the crash happens like it did in 2019 many will go out of business because of the higher cost of running their trucks. Further reducing the rates because now they have to take what ever load they can get to pay the bills which will further drive freight prices down and ultimately take many of us with them.

 

High fuel prices affect many owner operators like myself who have a steady haul for a company for a set rate. The problem is, they don’t see any reason they need to raise rates just because fuel keeps creeping up as long as guys will haul it.

Our mill just had 4 o/o’s quit the same day. They’ve been promising a raise for months. As of right now we make up the difference out of our pockets. There’s a lot of local owner operators like myself who will be selling out or going OTR if this continues.

 

I’ve been keeping an eye on the used truck market on TruckPaper.com. Most of the trucks on there have averaged 300,000 to 600,000 miles and the prices have fluctuated depending on the make and model. Freightliners, not surprisingly have been the most expensive ones on the market, with Volvo being the second most expensive and a few Kenworth and International models have been on the low side. As I mentioned previously elsewhere, some of the Kenworth T-680s have been unusually cheap, even the ones equipped with the Cummins X-15-and a majority of those have been built between 2017 to 2019 model years.