Waiting on New Trucks thread.

Here's what a sweet O/O speced T680 will set you back. I guess PACCAR is really sticking with a $230K price point around the O/O speced T680 and 579. Although this one has an APU. I do like that color.

https://www.truckpaper.com/listings/trucks/for-sale/220339901/2024-kenworth-t680

 

When you can’t afford to look cheap AND can’t afford fuel. Haha.

 

It is a nice looking truck but I would not want that fuel bill.

 

That’s not a terrible price considering it has an APU on it and a Cummins. That’s only $13k more than I was quoted for a 579 with the same specs as my current one, only difference was I spec’d a smaller bunk than I have now.

 

I agree. Take the APU it's probably a $215K unit.

I wonder what MHC's pricing strategy is. It's seems like they have similar T680s priced all over the map. I must say MHC is the highest priced dealership around. Especially on used ones. 18 months ago they were buying everything they could so I bet they are (or they did) take some heavy write-downs.

https://mhc.com/trucks/search/new-trucks/sleepers

 

I was at a MHC the other day and the sales guy left his computer screen on. It showed a list of their available used units and most of them had "Taylor and Martin" as the seller. I believe their sitting on a bunch of over priced auction trucks from last year still.

 

I know it's like beating a dead horse but something has to give. This rate environment does not support these asset prices. The only good thing I see in all of this is there will be very few new O/O's entering the industry (a matter of fact there will probably be a contraction of them).

Although I did see that JB Hunt said today they are forecasting freight to rebound in quarter 2 or 3. It's nice to see some positive news. I was thinking the market would go gangbusters for the 2023 busy season. My rates peaked in Jan 2022 so that would put my freight recession at nearly 24 months, which falls within the normal recession cycle of 18-24 months.

 

Well I can say I sold them my 2018 389 Peterbilt 12 months ago. Your normal O/O speced hood with a 565 Cummins. It had 400K miles and they gave me $145,000 for it. For the market at that time it was fair. I never saw it for sale so I assume they had buyer lined up and probably made a quick $15,000.

 

So I was looking at a new 579 but don’t think I’ll be looking anymore.

For my 2022 389 Peterbilt. OO speced, with all the lights, painted tanks and fenders, etc. The only “bad” thing is that it has a 525HP Cummins (dealer screwed up the order and got that instead of a 565).

Anyways…truck has ~100k miles…they wanted to give me $150K trade in for it. I gave them a LOL and said I don’t think the numbers will work. Pretty sure if you built that truck today it would cost $230K.

 

looking cheap aint cool…