Truck Prices Rising

Trucks are a wonderful means of transportation because it combines hauling power with ability to carry passengers. Trucks are great vehicles for families or businesses alike. Newer trucks are becoming more fuel efficient but in the recent months, truck prices have been rising on the wholesale front. 

Average wholesale prices rose in October, driven largely by upticks in truck prices.

Still, wholesale values were solid in most model year and sale type categories, with the exceptions being off-rental risk and off-lease vehicles. The off-rental risk price declines were driven mostly by higher mileage vehicles, while the off-lease price softness reflects growing supplies of these units, according to ADESA Analytical Services.

According to ADESA Analytical Services’ monthly analysis of Wholesale Used Vehicle Prices by Vehicle Model Class, wholesale used vehicle prices in October averaged $9,744 – up 1.1 percent compared to September and 0.6 percent relative to October 2014. 

Average wholesale prices for used vehicles remarketed by manufacturers were down 0.6 percent month-over-month but up 5.2 percent year-over-year, as off-rental program units sold had a solid month (though there were a lot of no-sales). 

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