A year ago prices for late-model — heck, all models of used — semi trucks were stratospheric. The same supply chain disruption that was impacting farm machinery manufacturers was plaguing truck makers, cutting off the supply of new trucks. Buyers who couldn’t get new trucks went after late-model vehicles. As a result, the average price for a Class 8 sleeper truck reached an astonishing $90,393 in December 2021, according to J.D. Power.
That was $41,748 more than 2020, despite trucks being 6 months older.
This winter a reversal came with a vengeance! Class 8 semi-prices dropped 25%, according to ACT Research. “That was a bit steeper than expected,” observes Steve Tam of ACT Research (actresearch.net).
This story is from the May - June 2023 edition of Successful Farming.
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This story is from the May - June 2023 edition of Successful Farming.
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