Truck Load Rates Halt 8 Week Slide 2.0

I wonder how many sell and then find out they completely screwed their taxes up. I’ll be waiting to sell whatever truck I’m not keeping until after first of the year.

 

I got confirmation from my salesman my new 389 has a firm build date of 12/22 and that made my year. Now I just hope I actually take delivery of it by 12/31. A lot of people are going to be paying the tax man this year. I assume a lot of people were expecting their new equipment to be delivered this year to take the depreciation but with all the cancellations and delays they will be paying a lot more taxes than planned.

It's down right scary out there. I've been calling around trying to place an order for a reefer trailer in Q4 of 2022 and no one is taking orders nor do they know if they will. The Utility salesman said the pricing for the ones being built in Q1/Q2 was $92K but they are expecting pricing for Q3/Q4 builds to be at $115K! I assume at that price point that will ween out a lot of the demand. I know it has for me as I'll keep running my 2019 reefer until this craziness ends. I ordered a Great Dane reefer in March and they still don't know when it will be here. Pricing on that was $83K.

 

My truck was built in October, it’s supposed to show up at the dealer at the end of this coming week. When it was built it went out into the field with about 2600 other trucks waiting for parts.

 

Why would you not continue running a 2019 reefer? That's still almost new as far as reefers are concerned. Baby that thing and keep it in top shape. I just sold my 2019 when I retired for $10,000 more than I paid for it new.

 

I'm not looking to replace it right now but I knew there would be a long lead time so I was looking to take delivery of one late next year or early 2023.

 

IF you are financing you should be able to complete the loan before the truck arrives the dealer and the financial guy should have done this before.

 

My personal feeling, and I am biased here with my forlorn convictions, is that buying a brand new truck and flip it for a profit without even using it for what it was built for, is just not very ... elegant (for the lack of better term).

But I am not a business - minded individual, rather a pretender, if you will. So...can't blame you nor can't criticize you... just saying that I don't like it.
That's all.

 

So making money off a truck because of market conditions is bad but making a profit by working the same truck is ok? What if you keep the new truck and sell the old truck at an insane profit because of the market? Is that ok because it’s used? I guess to me money is money and I don’t see making money when you have the chance as a bad thing.

 

We started to get oil shortage, now this
Global Urea Shortage Could Park Diesel Trucks

 

It will get more expensive here, but we won't run out. The US produces most of its own urea domestically, and we don't rely on China for it like S Korean and Australia does.