Used equipment prices

Discussion in 'Ask An Owner Operator' started by SteveScott, Sep 24, 2021.

  1. SteveScott

    SteveScott Road Train Member

    4,629
    15,013
    Nov 10, 2015
    0
    Just curious if the situation ordering new equipment has improved at all, because the used prices are still through the roof from what I can see online. I have a 2019 T680 and a 2019 Utility reefer with less than 2,000 hours on the reefer and 240,000 miles on both, and from the prices I'm seeing online, I can sell them both for not a lot less than what I paid new. I've been looking at used T680's with twice the miles I have selling for $115,000 and the trailers selling for $75k which is what I paid new for the trailer.

    Are things really still that bad out there? Trying to retire before year end and want to get an idea of what my equipment is worth.
     
    shooter19802003 Thanks this.
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. Midwest Trucker

    Midwest Trucker Road Train Member

    4,374
    13,057
    Aug 31, 2018
    0
    I suppose it depends on how quick you would like to sell. I’m sure you could get 160k for the outfit tomorrow.

    200k it would take a while or maybe never happen. IMO

    The new truck situation is still extremely dire. My two are still sitting there 5 weeks later now after being built. The two I ordered for March builds God only knows Mx maybe August next year? It’s crazy.

    Im sure you’ll nail it perfectly but I’d say by end of the year they aren’t going to be worth any less then now. That balance point will be interesting to find between continued profit, diminishing returns, and retirement.

    I’ll be following what you end up doing!
     
  4. snowwy

    snowwy Road Train Member

    18,534
    10,877
    Jul 6, 2009
    0
    Anything that uses a chip is in short supply.

    Thinking is maybe 2023 now before things improve. But that depends on delta.

    A lot of countries are repeatedly shutting down. It could be years before we get back to normalcy.
     
    shooter19802003 Thanks this.
  5. Dino soar

    Dino soar Road Train Member

    3,797
    13,034
    Dec 8, 2017
    0
    Well I don't buy new equipment but I've been looking for a dry van probably between the years of 2000 and 2005 something like that.

    The prices I've seen just for them are anywhere between $12,000 up to $25,000 or more.

    I have no problem paying for what I need and I have cash in hand. But I'm not paying $20,000 for a 21 year old trailer.
     
    shooter19802003 and SteveScott Thank this.
  6. SteveScott

    SteveScott Road Train Member

    4,629
    15,013
    Nov 10, 2015
    0
    That's just crazy. I was listening to the radio yesterday about the chip shortage, and the average new car has over 1,000 chips in it. I can only imagine how many a new CMV has.
     
    shooter19802003 Thanks this.
  7. wichris

    wichris Road Train Member

    2,751
    3,609
    Jan 17, 2011
    0
    Truck has around 5500 parts made by approximately 4500 different vendors, all who have a shortage of workers and materials. And on down the line.
     
  8. Arctic_fox

    Arctic_fox Heavy Load Member

    813
    2,171
    Sep 16, 2016
    0
    Still bad i reserved a new lonestar about a month ago and the guy called and told me they had to push the guesstimate back to 2-3 YEARS to produce. At this point its literally faster cheaper and easier to rebuild my bullfrog and yoink the old engine to drop in an NZ6
     
  9. SteveScott

    SteveScott Road Train Member

    4,629
    15,013
    Nov 10, 2015
    0
    That's great as long as you can get parts for the rebuild. I'm afraid that it's just a matter of time that the current logistical problems are going to make it nearly impossible to get trucks rolling, new and used. Then we'll see real problems if necessities can't get delivered for the general public.
     
  10. zinita17601

    zinita17601 Road Train Member

    1,144
    1,197
    Aug 19, 2010
    lancaster pa
    0
    Anybody thinking prices will go down is just a fool,welcome to hyperinflation.oh you thought all that free money the government keeps printing is really free?think again.
     
  11. bzinger

    bzinger Road Train Member

    13,224
    44,052
    Dec 10, 2014
    omaha , ne
    0
    My boss recently sent 2 low 500k mileage 680s , fleet specs Cummins power to the Taylor Martin auction in South soiux city nebr .
    I think they were 2017s. One brought 82k and the other brought 84 k .
     
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  • Draft saved Draft deleted