And down again it goes...

I've got two dry vans going on PurpleWave next month. Wish I could expedite it. I've been watching them lately, and I think I could've sold these for near 60k each two months ago.

4 sold last week on Auctiontime for 40k each, so they've lost steam.

I might end up keeping them now to trade for something I can use.

 

What year / model?

 

17 & 18 Hyundai VC2530's

 

Probably still get close to 60.

 

They reported warehouses were at high capacity a couple months ago. Due to Businesses stocking up, out of fear of shortages. That’s definitely the first cause. Add less spending, inflation, higher interest rates. Only thing missing is Layoffs. The economy is out of Life Support Gimmicks. Time for corrections. We’re seeing it now, when others start feeling a bigger pinch, anything that hasn’t yet will slow down too. The propped up economy of the last 2 yrs is over. Now we’re dealing with the results.

 

New prices will come down some. Not all the way down to before, but dealers have been charging dealer premiums of 10% or more over and above the normal fees.

 

I'm hoping so, but the 4 on Auctiontime last week all brought 40 and change.

 

The good news is .. at least we have toilet paper

 

I hope new prices stay up. That’s the only edge I have is paid for equipment in decent shape. Something I focused on for years. Between Prices, Fuel, and Drivers pay, Real market rates can only go so low. Hard to believe spot market can get much lower. Depends I guess on how low a Desperate Operator will go trying to survive. Won’t last long at these rates, with big equipment payments and high insurance rates.

 

I think the last moment is gonna be in the end of June-begining of July. Seasonal freight will pickup in the mid May and stay decent the whole June. Newbies will start thinking that freight is normalizing and might go ahead and spend the money they made.
After July 4th everything will just keep going down down down