Truck Load Rates Halt 8 Week Slide 2.0

Good to know. I am surprised we don't import that from China also

 

@Long FLD
You buy a tool to work it and by doing so you make money, that's fine. You contribute by adding the merit of your work and effort and sacrifice. That's noble.
But when you buy a tool to speculate on it...well that's perfectly legal and justified in the sense of money making but parasitic in the overall spectrum of the game.
Look don't take it personally. I am not trying to make you feel agitated or anything like that but the picture of that volvo listed for 270k is not even funny. It is ugly, in the sense that someone wants use someone else's poor buyer's position to such a large degree.
Yes. Yes. It is called capitalism. I know. So I won't try to argue that. But see it as a damn ugly thing.

 

Wow, man.
A year ago you would have been very hard pressed to get $177k

 

I believe that on the final judgment day, there will be more merit given to those who got rich by hard work than the ones who got rich too but were not working as hard, took advantage of other poeple disadvantage and called themselves smart.
OK

 

Wow, man.
A year ago you would have been very hard pressed to get $177k

 

If my truck was delivered in September like it was supposed to be then I wouldn’t have even thought about selling it. But here we are at the end of the year. I can buy it, get the depreciation I need for my taxes, and sell it after the first of the year. The market situation isn’t my problem but I see no harm in benefiting from it. It’s no different than squeezing all you can get from a broker when the market is in your favor.

And if I said I don’t want the truck do you think the dealer would sell it for $170k or would they raise the price to reflect the current market? The truck will sell for whatever it sells for be it by me or by the dealer.

And by your thinking, if I keep the new one because using it is noble, then should I sell my current truck for $90k because I can get it or should I sell it for $45k so that I don’t take advantage of someone who wants to buy a truck now. I’m sorry but I don’t follow your reasoning.

 

These manufactured "shortages" are a joke.

 

The reasoning is simple and based on the premise that we all coexist in the same system where cost increase of making business does not serve to our advantage. We are not salesmen on commission, we are using trucks, tires and fuel to perform our duties - from them we are making profits, predominantly.

You are an individual in a great position to go beyond the scheme of a carrier who makes profits by transporting goods. Therefore, your position is at odds with the one of the system of transportation. You do want to sell your truck(s) for as much as you can but as long as you remain a trucker, your next truck you'll want to buy for as little as possible.

You should sell you trucks for whatever the market dictates, meaning for as much as you can, so that you can make easy profits and you are not a subject of ridicule, of course. Because in this instance, when you sell, you are not a trucker you're are a ruthless salesman.

 

I would sell my new truck but I have great driver and have a 2018 389 Peterbilt I'm going to sell, so if you can get 80% of what you paid for it while upgrading it makes the best business sense for me. Everyone is in a different situation though.

I also ordered another 389 in October and it won't be here until September 2022. Certain dealers are marking up their prices on the new ones. For the same truck, another dealer within the same network just 500 miles away, priced it 7% higher. There's no rhyme or reason they were 7% higher beyond adding margin straight to the bottom line.

 

Oh ok. I should not take the truck then and let the dealer sell it for a profit because I am just a trucker. I got it.

If you decided to not truck anymore and listed your stuff for sale then you could charge whatever you wanted because at that point you are no longer a trucker? But if you had two dry vans and wanted to sell one for more than you paid for it that would be against your personal rules because you’d still be a trucker with a truck and one trailer? That doesn’t make any sense. What if I sold both trucks at current market prices? Is that ok because I wouldn’t be a trucker anymore?

If I sell the new one all I care about is if the money hits my account. If I keep it and sell my old truck all I care about is if the money hits my account. I don’t care if the guy can afford his payments or what he’s going to do with it. Someone else’s choices aren’t my responsibility. I’ve never bought into the “we’re all in this together” crap because I’ve made my connections in this world and had people go behind me and try and get into what I was doing. As far as I’m concerned everyone needs to worry about themselves. You didn’t buy a new truck when you were thinking about last year and now new truck prices are high. I ordered a truck in April for a decent price and now I’m in the position to profit. That doesn’t make me the bad guy. If I sell it for the $170-ish I’m paying guess what? Trucks will still be selling for $240+.

 

I am talking about the phenomenon, not about what you should do.
Don't try to convince me. You are trying to rationalize what is already obvious. If I had a brand new truck, I'd sell for $270 000 myself and add the 5 year old trailer for 45K too. I am not saint but it does not prevent me from calling things as they are.
The original point stands: Someone buys a brand new truck and resales it for 50% more then that act is ugly as hell to me. Just like it is ugly to see a proverbial Jew to live on usury and like it is ugly for a butcher to slice a pig's throat to make meat which I will eat with pleasure.
I call it philosophical aesthetics. They don't matter in real life.