DECLINING Used Semi Truck Auction Prices Update (Are Truck Prices Actually Falling?)
The million dollar question... Are used truck auction prices actually declining?
It's no secret that the truck market has been insane with inflated prices. But are we finally seeing an end to this "Big Rig Boom?"
In this video, Ronen compares the Ritchie Bros. Auctioneers semi truck sales from 3 months ago to their most recent auction sales in both Canada and USA.
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Chapters:
00:00 Introduction
00:27 Truck comparisons models from 2017-2019
01:29 2019 Volvo VNL860 sold for $77k USD
01:42 Volvo VNL860 2019 sold for $64K USD
01:55 2017 Volvo VNL670 sold for $53K USD
02:24 Should you take advantage of the strengthening U.S. Dollar?
02:35 2022 Volvo VNL760 sold for $160K USD
02:58 2018 Volvo VNL sold for $102K USD
03:22 Comparing all Volvo resales in the auction
03:55 2017 Freightliner Cascadia $50K USD
04:15 2016 Volvo VNL sale prices
04:35 Auction sales comparison 2017 Freightliner
04:58 Auction sales comparison 2017 Freightliner Cascadia
05:08 Auction sales comparison 2017 & 2016 Volvo VNL